The basic idea behind an auction is that buyers want to buy from sellers with the ________,and sellers want to sell to buyers with the ________.
A) lowest ask prices; highest bid prices
B) highest ask prices; highest bid prices
C) highest ask prices; lowest bid prices
D) lowest ask prices; lowest bid prices

Question

Quizplus · Accepted Answer

In an auction, buyers aim to purchase items at the lowest possible prices (lowest ask prices), while sellers seek to sell their items to those offering the highest prices (highest bid prices).

The Basic Idea Behind an Auction Is That Buyers Want