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A conglomerate splits into three companies and has to divide the distribution rights for a clothing line and a food line. Bid Company 1 Company

A conglomerate splits into three companies and has to divide the distribution rights for a clothing line and a food line.

Bid Company 1 Company 2 Company 3
Clothing line $12,000,000 $24,000,000 $9,000,000
Food line 24,000,000 3,000,000 9,000,000

Use the Knaster procedure to divide fairly property with the given bids. (All amounts below are in millions of dollars.)

Bid Company 1 Company 2 Company 3 Kitty
Clothing line $12.0 $24.0 $9.0
Food line $24.0 $3.0 $9.0
Clothing line award Clothing line $0
To Kitty $ $
From Kitty $ $ $ $
Food line award Food line $
To Kitty $ $
From Kitty $ $ $ $
Divide Kitty $ $ $ $0
Total $ $ $

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