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

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Consider the following situation. 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 $15,000,000 $21,000,000 $9,000,000 Food line 30,000,000 6,000,000 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 $15.0 $21.0 $9.0 Food line $30.0 $6.0 $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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