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Suppose thatAnna, Bill, and Cameron are the only three people interested in the paintings of the Bucks County artist Walter Emerson Baum. His painting Sellers
Suppose thatAnna, Bill, and Cameron are the only three people interested in the paintings of the Bucks County artist Walter Emerson Baum. His painting Sellers Mill is being auctioned by a secondpce sealedbid auction. Suppose Anna's value of the painting is $17.00!], Bill's is $13,500, and Cameron's is $11,500. Each bidder's consumer surplus is if he or she wins the auction and i] if he or she loses. The values are private. What is each hidder's optimal hid? Anna's optimal bid is 5D, Bills optimal bid is 5D. and Camerson's optimal bid is $|:|. (Enter numeric: responses using integers.)
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