An auction in which the price announced by the auctioneer DESCENDS is called a(n)
A) Dutch Auction.
B) English Auction.
C) Sealed Bid Auction.
D) Descending Option Auction.

Name: An auction in which the price announced by the auctioneer DESCENDS is called a(n) A) Dutch Auction. B) English Auction. C) Sealed Bid Auction. D) Descending Option Auction.
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Question

Quizplus · Accepted Answer

In a Dutch Auction, the price starts high and then descends until a buyer is found.

An Auction in Which the Price Announced by the Auctioneer