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Explain the ‘winners cause’ phenomenon in the context of an auction, illustrating your answer with one or more

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  1. Please post to 'homework' forum ..

    .. or (better) learn how to use standard 'search' engines, such as google and on-line encyclopedias (eg  wikipedia), to do your own research and complete your own work :-)

    PS it's spelt "winner's curse" :-)

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