I will give you a example, your idea should similar to the example. BUT DO NOT COPY IT.
Question:Your friend is trying to sell her business using an auction. She tells you that she is going to use a First-Price sealed bid (FPSB) auction instead of a Second-Price sealed bid (SPSB) auction because this will raise more revenue. Is this correct? Carefully explain, paying close attention to the optimal bidding strategies in each auction.
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