Which of the following is not a characteristic of a reverse auction?
A) seller bias
B) descending prices
C) similar to sealed bid auctions
D) winning bid is lowest-price provider

Question

Quizplus · Accepted Answer

Reverse auctions are characterized by descending prices, similar to sealed bid auctions, and the winning bid is awarded to the lowest-price provider. However, there is no seller bias in a reverse auction, as the focus is on finding the lowest-priced supplier rather than on favoring certain sellers.

Which of the Following Is Not a Characteristic of a Reverse