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thanks for helping 9. Three bidders have a private valuation for an ito aluations are 10, 15 and 20 for Bidders 1, 2 and 3

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9. Three bidders have a private valuation for an ito aluations are 10, 15 and 20 for Bidders 1, 2 and 3 respectively. The aucti a second price sealed bid auction format. a) What is the equilibrium bidding strategy for each bidder? b) Consider Bidder 2's equilibrium bidding strategy. Show that no deviation from this strategy would be profitable

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