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Listening practice
/ Section ZGR9
Listen to an Academic Talk
Listen to part of a talk in an economics class.
Listen
45. According to the speaker, what makes the winning firm's estimate too high?
A
The winning firm hires fewer geologists than its rivals.
B
The auction selects whichever firm made the most optimistic guess.
C
Firms deliberately bid above their own valuations to deter rivals.
D
Geologists are paid according to the size of the estimate.