In a Dutch auction of 10,000 options, bids are as follows: A bids $30 for 3,000; B bids
Chapter 16, Problem 16.11(choose chapter or problem)
In a Dutch auction of 10,000 options, bids are as follows: A bids $30 for 3,000; B bids $33 for 2,500; C bids $29 for 5,000; D bids $40 for 1,000; E bids $22 for 8,000; and F bids $35 for 6,000. What is the result of the auction? Who buys how many at what price?
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