Question: please answer 4. There are many NE in this game. Consider an equilibrium Where bidders 2 and 3 bid truthfully, or bi = Ui for

 please answer 4. There are many NE in this game. Consider

please answer

an equilibrium Where bidders 2 and 3 bid truthfully, or bi =

4. There are many NE in this game. Consider an equilibrium Where bidders 2 and 3 bid truthfully, or bi = Ui for 2' = 2, 3. What is the smallest value of b1 such that (61,112,113) is a NE? Explain your answer. Still given 111 > 112 2 123, how does this value depend on 123, if at all? Carefully explain your

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