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BIDDER A
—
MMlb
Waiting
BIDDER B
—
MMlb
Waiting
BIDDER C
—
MMlb
Waiting
BIDDER D
—
MMlb
Waiting
Round
1
Feedback
—
Price
100
cpp
Activity
—
MMlb
Quantity
Round
Quantity
Round
Quantity
Round
Quantity
Round
ROUND
1
Quantity by Round
Quantity
Round
Bidder
A
B
C
D
0
Price
Quantity
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Four bidders submit quantities at one announced price. cpp means cents per pound; MMlb means millions of pounds. The demand chart records completed rounds only. Final award: A 25, B 20, C 5, D 0 MMlb at 117 cpp.