An open-outcry auction is an auction where ________.
A) bids are placed privately
B) public goods are sold
C) bidders know about one another's bids
D) free goods are distributed among the general public

Question

Quizplus · Accepted Answer

In an open-outcry auction, bidders know about one another's bids as they are placed publicly. This type of auction is commonly used for commodities or financial instruments such as stocks or futures.

An Open-Outcry Auction Is an Auction Where ________