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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 108,000 shares of its stock in an open auction.
Spike Equino is the CEO of a private medical equipment company that is proposing to sell 108,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table.
Shares | Price |
---|---|
21,600 | $ 88 |
10,900 | 86 |
15,900 | 81 |
26,600 | 78 |
10,900 | 77 |
8,900 | 75 |
15,500 | 74 |
15,800 | 73 |
30,800 | 69 |
What will be the companys total receipts from the sale if the auction is a discriminatory auction?
What if it is a uniform price auction?
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