Auction prices can be higher than prices in fixed priced markets.

Name: Auction prices can be higher than prices in fixed priced markets.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

In an auction, multiple buyers may compete against each other to purchase an item, driving up the price higher than what would be found in a fixed priced market. Additionally, there may be items in an auction that are rare or highly sought after, further increasing the potential for higher prices.

Auction Prices Can Be Higher Than Prices in Fixed Priced