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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction.

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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 100,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Price $80 7e Shares 20,000 10,000 15,000 25,000 10,000 8,000 14,000 15,000 30,000 69 67 a. What will be the company's total receipts from the sale if the auction is a discriminatory auction? Total receipts b. What if it is a uniform price auction? Total receipts

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