Multiple Choice
Souq.com operates as a price auction. What is a price auction?
A) An auction in which the bidder who visits Souq.com the most wins is awarded all the objects being sold on that day.
B) An auction in which the bidder who submitted the highest bid is awarded the object being sold and pays the highest bidder price.
C) An auction in which the first bidder to sign in to Souq.com on the day of the auction is awarded the object being sold.
D) An auction in which the winner of the auction is selected randomly.
Correct Answer:
Verified
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