Your friend is willing to spend 1000 on an antique watch sold by a Vickrey auction. He estimates that other bidders' valuations are in the range of 300 to 1000 uniformly spread and is considering shading his bid to 950. Pick the best answer: Responses A He can make a profit of 50He can make a profit of 50 B He should decrease his bid to the Expected bid of the others, 650He should decrease his bid to the Expected bid of the others, 650 C He should bid 999.99 as this is his maximum willingness to payHe should bid 999.99 as this is his maximum willingness to pay D He should bid 1000 as he will not lose anything with this strategyHe should bid 1000 as he will not lose anything with this strategy E He should not bid at all