In a Dutch auction, participants only observe a single bid.

Name: In a Dutch auction, participants only observe a single bid.
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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. Participants typically do not see other bids; they only decide whether to accept the current price or not.

In a Dutch Auction, Participants Only Observe a Single Bid