Four heirs (A, B, C, and D) must fairly divide an estate consisting of two items - a house and a cabin - using the method of sealed bids. The players' bids (in dollars) are:
In the initial allocation, player B
A. gets the house and the cabin and pays the estate $186,000.
B. gets the house and pays the estate $274,000.
C. gets the house and pays the estate $150,000.
D. gets $62,000 from the estate.
E. none of these
Answer: C
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