Suppose that SpaceX priced and allocated shares in its IPO using a dutch auction with the following demand displayed below. Any price above $20 results in less than 1,000 shares being sold as only bidder 1 will purchase shares while setting a share price below $20 results in more shares being purchased than the company desires. If the company wants to sell 1,000 shares, it should price its shares at _______ and it will raise ___________ in proceeds. The shares will be allocated to bidder(s) _________, and the highest price charged per share will be _______ per share.

A. $20; $20,000; 1 and 2; $20

B. $40; $40,000;1 and 2; $40

C. $20; $30,000; 1; $40

D. $20; $10,000; 2; $20