The _____ auction is a form of open auction in which bidding starts at a high price and drops until a bidder accepts the price.
A) English
B) Dutch
C) reverse
D) sealed-bid

Question

Quizplus · Accepted Answer

This is an accurate definition of a Dutch auction, where the price starts high and drops until a bidder accepts the price. English auctions start at a lower price and go up as bidders compete. Reverse auctions involve multiple sellers bidding down the price, and sealed-bid auctions involve bidders submitting private bids.

The _____ Auction Is a Form of Open Auction in Which