Imagine an auction where the item being auctioned is a signed photograph Assume the number of bidders (N ) is at least 32 and assume that every bidder has a unique positive value of this item: no bidders place the same dollar value on this prize.If we conduct a second-price, sealed-bid auction for this item, is there any possible NE where the person who values the photograph the least wins the auction? (Make sure to explain in detail why or why not by describing how each of the various bidders could change their strategy and if that would benefit them or not.)