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Spike Equino is the CEO of a private medical equipment company that is proposing to sell 1 0 6 , 0 0 0 shares of

 

Spike Equino is the CEO of a private medical equipment company that is proposing to sell 106,000 shares of its stock in an open auction. Suppose the company receives the bids in the following table.

Shares Price

21,200 $86

10,700 84

15,700 79

26,200 76

10,700 75

8,700 73

15,200 72

15,600 71

30,600 67

a. What will be the companys total receipts from the sale if the auction is a discriminatory auction?

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