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Find all the nash equilibria of game

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Reference no: EM133078729

Consider a first-price sealed-bid auction with only two bidders, 1 and 2. Assume that v1 = v2 = 10 and player 1 is chosen as the winner whenever b1 = b2. Find all the Nash equilibria of this game and justify your answer.

Reference no: EM133078729

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