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Assume that three bidders A,B, and C have the following true private values for an object: A::B:C:$350$250$200 Question: In a First-Price, Sealed Bid Auction, who

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Assume that three bidders A,B, and C have the following "true private values" for an object: A::B:C:$350$250$200 Question: In a First-Price, Sealed Bid Auction, who will win and what price will they pay? Explain your answer. (You can assume the item at auction is an object of art, like a painting or sculpture.)

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