How much would you pay if you win an auction?
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Correct answer: The bid price offered by the second-highest bidder plus one cent.
Why this is the answer
On LinkedIn, you pay the bid price offered by the second-highest bidder plus one cent. This is a common auction model known as a second-price auction or Vickrey auction, designed to encourage bidders to bid their true maximum value. If you paid your exact bid price, you might overpay if the second-highest bid was much lower. Paying the average of the two highest bids or the second-highest bid plus a percentage are not standard auction models used by LinkedIn.
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