Ed bids $46 for the medallion deal ofthe last chapter. IfEd is following the principles we've taught so far, what must be true at that moment? a. His PIBP must be equal to $46. b. His PISP must be...

Ed bids $46 for the medallion deal ofthe last chapter. IfEd is following the principles we've taught so far, what must be true at that moment?

a. His PIBP must be equal to $46.

b. His PISP must be equal to $46.

c. His PIBP must be greater than or equal to $46.

d. His PIBP must be less than $46.