FIGURE 6-5
-Which type of auction does Figure 6-5 above represent?
A)traditional auction
B)vertical auction
C)reverse auction
D)horizontal auction
E)reciprocal auction

Name: FIGURE 6-5 -Which type of auction does Figure 6-5 above represent? A)traditional auction B)vertical auction C)reverse auction D)horizontal auction E)reciprocal auction
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Question

FIGURE 6-5 
-Which type of auction does Figure 6-5 above represent?
A)traditional auction 
B)vertical auction 
C)reverse auction 
D)horizontal auction 
E)reciprocal auction

Quizplus · Accepted Answer

The figure represents a reverse auction, as indicated by the downward pointing arrows and decreasing prices.

FIGURE 6-5 -Which Type of Auction Does Figure 6-5 Above Represent