An English auction is sometimes called a(n)____ because the bids are publicly announced.
A)reverse auction
B)double auction
C)open auction
D)semi-open auction

Question

Quizplus · Accepted Answer

An English auction is also called an open auction because the bids are publicly announced and typically open to anyone who wants to participate. A reverse auction involves sellers competing to provide goods or services at the lowest price, while a double auction involves both buyers and sellers making bids and offers. A semi-open auction may have some elements of both an open and closed auction, with certain participants given preferential treatment or access to information.

An English Auction Is Sometimes Called A(n)____ Because the Bids