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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 shares of its stock in an open auction. Suppose the company receives the bids in the following table.
Shares Price
$
a What will be the companys total receipts from the sale if the auction is a discriminatory auction?
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