In a(n) _____ auction, buyers and sellers each submit combined price-quantity bids to an auctioneer.
A) reverse
B) Dutch
C) English
D) double

Question

Quizplus · Accepted Answer

In a double auction, both buyers and sellers submit bids and offers, including quantities and prices, to the auctioneer, who then matches these bids and offers based on their compatibility, facilitating transactions between multiple buyers and sellers simultaneously.

In A(n) _____ Auction, Buyers and Sellers Each Submit Combined