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2. The FCC is attempting to sell 2 spectrum licenses to 3 bidders. The bidder valuations (in billions of dollars) are reported in the following

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2. The FCC is attempting to sell 2 spectrum licenses to 3 bidders. The bidder valuations (in billions of dollars) are reported in the following table. B1 0 0 2 2 b 0 2 2 ab 2.0001 2 2 i) Find the VCG mechanism equilibrium outcome and payments. ii) Suppose, instead, the FCC sold the licenses only as a single bundle {ab} in a second price auction. What is the equilibrium outcome and payment in this case? ii) Suppose, instead, the FCC sold all bundles of the licenses in a VCG mechanism but banned the participation of Bidder 3 . What is the equilibrium outcome and payment in this case

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