When all bidders buy the amount allocated to them, then the auction is referred to ________.

Question

Quizplus · Accepted Answer

When all bidders buy the amount allocated to them, the auction is referred to as a single-price auction. The option A and D are incorrect as the term "multiple-price" is used when bidders pay different prices whereas "single-price" is used when all bidders pay the same price. The option B is also incorrect as the term "German auction" is not commonly used and doesn't relate to the given scenario.

When All Bidders Buy the Amount Allocated to Them, Then