Use the information below to answer questions 8 – 10. You ar…
Use the information below to answer questions 8 – 10. You are the Independent System Operator (ISO) in an electricity market. You have received the bid information in the table below for a double auction. Each buyer’s bid is an offer to buy 100 Mhw of electricity. Each seller’s bid is an offer to sell 100 Mhw of electricity. Buyers Bid (Offer to buy in $) Sellers Bid (Offer to sell in $) Abdul $250 Za Za $70 Alya $50 Zavi $125 Aiden $75 Zetong $100 Asha $125 Zhou $350 Azizur $140