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Position Market for Online Search Consider a standard online search model. There are three positions: Top (T), Middle (M) and Bottom (B). Positions receive the

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Position Market for Online Search Consider a standard online search model. There are three positions: Top (T), Middle (M) and Bottom (B). Positions receive the following number of click per day 9:511 2 300, 33M 2 200, $3 = 100 There are ve bidders (B 1--BS) with the following dollar values per click: 01:10, 112:8, 03:6, 04:4, 05:3. Instructions: When entering an answer, round it to 2 decimal places (for example, 1/3 is 0.33, 1/2 is 0.5 and 2/3 is 0.67). 1 1 point Enter the lowest per click market-clearing price PB for the Bottom (B) position Type your answer.. 2 1 point Enter the lowest per click market-clearing price PM for the Middle (M) position Type your answer.. 3 1 point Enter the lowest per click market-clearing price pr for the Top (T) position Type your answer... 4 1 point Enter the highest per click market-clearing price PB for the Bottom (B) position Type your answer.. 5 1 point Enter the highest per click market-clearing price PM for the Middle (M) position Type your answer... 16 1 point Enter the highest per click market-clearing price pr for the Top (T) position Type your

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