In a _____ auction, prices start high and are gradually reduced until a bidder accepts the price and wins the auction.

Name: In a _____ auction, prices start high and are gradually reduced until a bidder accepts the price and wins the auction.
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In a Dutch auction, the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer's price, or a predetermined minimum price is reached.

In a _____ Auction, Prices Start High and Are Gradually