Question: try the best that you can please with steps 4. In a second-price sealed-bid auction, if you know the private value of the object up

try the best that you can please with steps

4. In a second-price sealed-bid auction, if you know the private value of the object up for auction to you, is it possible to make a positive profit with a bid that is higher than your private value? Answer and give a specific example (5 points)

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