One-sided oral auctions are market institutions in which buyers can accept or reject offers from sellers but cannot make counteroffers.

Name: One-sided oral auctions are market institutions in which buyers can accept or reject offers from sellers but cannot make counteroffers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In one-sided oral auctions, buyers do not have the opportunity to make counteroffers and can only accept or reject the sellers' offers.

One-Sided Oral Auctions Are Market Institutions in Which Buyers Can