TABLE 152
-Consider the Information Provided in Table 15

Multiple Choice

$$\begin{array} { c c c } \text { Bidder } & \text { Bid per share } & \text { Shares } \\\hline \text { A } & \$ 70 & 200,000 \\\text { B } & \$ 50 & 50,000 \\\text { C } & \$ 45 & 50,000 \\\text { D } & \$ 40 & 100,000 \\\text { E } & \$ 35 & 50,000 \\\text { F } & \$ 30 & 100,000 \\\text { G } & \$ 20 & 100,000 \\\hline\end{array}$$ TABLE 15.2
-Consider the information provided in Table 15.2. Suppose that seller retains the right to stop the bidding at any price. If the objective of the auction is to maximize sales revenues, the offering price is:

A) $30
B) $40
C) $45
D) $50
E) $70