4. You are a bidder in a SMA auction of 4 licenses, A, B, C, D. Licenses A, B, C are worth 100 eligibility points and license D is worth 200. The activity rule is 1 (bidding or being a PWB on a license worth X activity points allows you to retain X eligibility points for the next round.) The eligibility points a bidder has going into a new round include points that come from being a PWB on licenses. Withdrawals are not permitted. Explain what will be the answer in the following independent scenarios. i) From the previous round, you are PWB on licenses A and C' and have a total of 400 eligibility points. Which licenses can you bid on in the next round? ii) From the previous round, you are PWB on license D and have a total of 200 eligibility points. Which licenses can you bid on in the next round? ini) In the previous round, you were PWB on license D and submitted bids on A and B. You were outbid on D and became PWB on A. Which licenses can you bid on in the next round