3. The Republic of Tazbekistan has found oil! The drilling rights are set to be auctioned using a secondprice sealed bid auction. You work for a major oil company and are asked to visit the site and estimate the value of the oil. Your best estimate is $5billion. 0n returning to London your boss insists that your rm should bid $5billion, he explains that 'bidding your true value is a weakly dominant strategy'. Is he correct? Carefully explain