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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 107,000 shares of its stock in an open auction.
Spike Equino is the CEO of a private medical equipment company that is proposing to sell 107,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table. Shares 21,400 10,800 15,800 26,400 10,800 8,800 15,300 15,700 30,700 Price $87 85 80 77 76 74 73 72 68 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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