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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 101,000 shares of its stock in an open
Spike Equino is the CEO of a private medical equipment company that is proposing to sell 101,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Shares 20,200 Price $81 10,200 79 15,200 74 25,200 71 10,200 70 8,200 68 14,100 67 15,100 30,100 66 62 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 B
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