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Consider a seller who must sell a single private value good. There are two potential buyers, each with a valuation that is each drawn independently

Consider a seller who must sell a single private value good. There are two potential buyers, each with a valuation that is each drawn independently and uniformly from the interval[0, 4/5] and [0, 6/5]. Seller makes it a second-price auction with a reserve price R.

(a) find R that max profits and also

(b) find seller's expected revenue

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