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December 2014 LSAT - Section 4 - Question 23

The constitution of Country F requires that whenever the government sells a state-owned entity, it must sell that ent...

NAM1921 April 16, 2023

But what if the price is reduced but it's stilll the highest price?

Wouldn't it be wrong on the basis that we don't know whether or not the price is the highest on the market?

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NAM1921 April 17, 2023

Wait, I think I understand. Since the reductions will be across the market, no matter who the buyer is, the highest price will be reduced, and therefore the principle about commanding the highest price will be violated. Right?

Emil-Kunkin April 18, 2023

Exactly! We need to sell for the highest price it could command, and intentionally lowering the market price doesn't change the fact that if not for the other condition it could have been sold for a higher price