Question: 3. Do you agree that bidding truthfully, or bi = v,- for all i = 1,2,3, is a Nash Equilibrium for all values of 121,222,113

3. Do you agree that bidding truthfully, or bi = v,-

3. Do you agree that bidding truthfully, or bi = v,- for all i = 1,2,3, is a Nash Equilibrium for all values of 121,222,113 with 711 > '02 2 '03? If yes, explain Why. If no, explain your answer and identify conditions under which it is a Nash Equilibrium

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