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At a large fruit auction 2 buyers are bidding for a good price on oranges. There are 25 metric tons Navel oranges of average 140
At a large fruit auction 2 buyers are bidding for a good price on oranges. There are 25 metric tons Navel oranges of average 140 grams left in todays auction. Bidding closes in 10 minutes, and only 2 interested buyers remain who are willing to pay more than RMB 3.55 per orange. To avoid a price war, the two bidding parties decide to negotiate, to keep the price of the auction as low as possible.
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