Which of the following types of auctions offers a neutral marketplace, without buyer or seller bias?
A)sealed bid market
B)English auction
C)double auction
D)name your own price auction

Question

Quizplus · Accepted Answer

Double auction is a type of auction where buyers and sellers submit competing bids and offers simultaneously. The transaction is completed at a mutually acceptable price where both the buyer and the seller are satisfied. This type of auction helps to establish a fair market price and eliminates any bias towards either the buyer or the seller.

Which of the Following Types of Auctions Offers a Neutral