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Consider a second-price sealed-bid auction as the one analyzed in class Suppose bidders' valuations are Select all that apply Bidding a value b1 equal to her own valuation

Consider a second-price sealed-bid auction as the one analyzed in class. Suppose bidders' valuations are v1-10 and v2=10. Select all that apply. a. Bidding a value b1 equal to her own valuation vy is a weakly dominated strategy for bidder D. Both bidders submitting bids equal to 10 is a Nash equilibrium. C. One bidder submitting a bid equal to 10 and the other submitting a bid equal to 0 is a Nash equilibrium. d. Both bidders submitting bids equal to O is a Nash equilibrium.

May 15 2020 View more View Less

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