Reverse auctions
A)require customers to fly at unpopular times.
B)allow firms to identify customers that have very elastic demand curves.
C)are used to keep high paying customers from spending too little money.
D)Both A and B.

Question

Quizplus · Accepted Answer

Reverse auctions allow firms to identify customers with very elastic demand curves because these customers are more sensitive to price changes and are likely to participate in auctions to get the lowest possible price.

Reverse Auctions