Is the outcome of the strategy profile described efficient, Macroeconomics

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Is the outcome of the strategy profile described efficient

Problem

Consider an independent private values sealed-bid second-price auction with n players. We saw in class that such an auction has a Nash equilibrium in which every player's bid is equal to her valuation.

1. Does it also have a Nash equilibrium in which one of the players, say player i, bids v (the highest possible valuation) regardless of her valuation and all other players bid v (the lowest possible valuation) regardless of their valuations?

2. Is the outcome of the strategy profile described in part 1 efficient?

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