Suppose a government wishes to auction 5 million bonds (quantity), and three would-be buyers submit the following bids: Price Quantity Buyer A $1,015 2 million Buyer B $1,000 3 million Buyer C $ 990 1 million In a uniform-price auction, O Buyer A pays $1,015 and Buyer B pays $1,000. O Buyer A pays $1,000 and Buyer B pays $1,000. O Buyer A pays $990 and Buyer B pays $990. O Buyer A pays $1,000 and Buyer C Pays $990