4. Consider that there is one auctioneer who would like to sell one commodity.r and there are 5 individuals, 1, 2, 3, 4, and 5. The auctioneer will apply,r the 2nd- pricing auction rule. Let each individual He private value of the commodity, 1.1,, is given as: v1 = $80!]; g = $T;c3 = $1D; or; = $901];c5 = $EDD. Then, answer the dominant strategyr equilibrium of this auction game. More- over, provide a proof of your