(The following is the results of an actual timber sale bidding process on a Missouri forest property during the last two years. What would the result have been if the timber had been sold without a bid?)
Situation: A landowner had 11 black walnut and 1 oak tree blown down during a severe storm. He wanted to find a way to salvage them, so he called a consulting forester for help. The bids are proof that there is a silver lining in every cloud.
Bid opening: A. $1,750; B. $2,150; C. $2,500; D. $3,151.91