y definition, the price in ____________ is driven down by __________, so if only limited competition exists, then the price will not __________ enough to save the buyer a substantial amount of money.
A) reverse auctions / competition / decrease
B) traditional auctions / competition / decrease
C) reverse auctions / competition / increase
D) traditional auctions / participation / increase
E) reverse auctions / participation / decrease

Question

Quizplus · Accepted Answer

In reverse auctions, the roles of buyer and seller are reversed, and the price is driven down by competition among sellers. The more competition there is, the more the price decreases, benefiting the buyer. If limited competition exists, the price won't decrease significantly.

Y Definition, the Price in ____________ Is Driven Down by __________

Y Definition, the Price in __ Is Driven Down by