What are the different types of auctions based on how people place their bids?

Name: What are the different types of auctions based on how people place their bids?
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The Answer is There are two different types of auctions based on how people place their bids.These are open-outcry auctions and sealed bid auctions.In open-outcry auctions,bids are placed publicly and the bidders compete directly against each other.In sealed bid auctions,all bids are private and unknown to the other bidders.

What Are the Different Types of Auctions Based on How