Q4 Sealed-Bid Auctions a There are N risk-neutral bidders with valuations Lion on (0, 100). Consider a sealed-bid auction and independently submits a bid & for an obje Hint: Review slides 18 22 from the Auction Argue that the equilibrium strategies in a secon bidders. (a) Determine the equilibrium bid functions (b) Calculate expected revenue from this auct LACK" )