You&#x27;re missing a step.<p>In order for a bidder to offer the highest bid, they have to be providing the cheapest or best service, otherwise they can&#x27;t afford the bid.<p>I could see if the FCC were auctioning off <i>the entire</i> spectrum you could get into trouble, but if they are auctioning off parts, then there is competition and those offering the highest value to customers can afford to pay the most.