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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 115,000 shares of its stock in an open auction.
Spike Equino is the CEO of a private medical equipment company that is proposing to sell 115,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Shares 23,000 11,600 16,600 28,000 11,600 9,600 16,600 16,500 31,500 Price $95 93 88 85 84 82 81 80 76 a. What will be the company's total receipts from the sale if the auction is a discriminatory auction? Answer is complete but not entirely correct. Total receipts $ 10,063,400 X b. What if it is a uniform price auction? X Answer is complete but not entirely correct. Total receipts $ 9,430,000 X
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