A single bidder can bid for at most 50% of the total acreage available. The bids per acre at the three locations are given in Table 5.15. Bidder 2 does not wish to bid on location I, and bidder 3 cannot bid on location 2.
A single bidder can bid for at most 50% of the total acreage available. The bids per acre at the three locations are given in Table 5.15. Bidder 2 does not wish to bid on location I, and bidder 3 cannot bid on location 2.