Question

The government wants to sell the license for petroleum exploration in some territory. There are five potential buyers of this license with next reservation prices:

Buyers

A

B

C

D

E

Reservation Price

300

270

250

230

200



How much money will the government earn at English auction?

Incremental bid is 10.



a.
290


b.
280 or 270

c.
280


d.
300


e.
270


f.
300 or 290


g.
310

h.
300 or 310

Answer 1

Answer:

Abe laude ouestion hai ki ramayan