A seller is trying to sell an antique. As the seller's offer price x increases, the probablity px) that a client is willing to buy at that price aims to set an offer price, xo to maximize the expected value from selling the antique. Which of the following is true about xo? Pick one of the choices ехо (x,-1)-1 3 0 eo-1)-1- O To maximize the expected value, Xo should be set as high as the auction allows O None of the above.



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