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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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