The New York Stock Exchange is the best-known example of an auction market.

Name: The New York Stock Exchange is the best-known example of an auction market.
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The New York Stock Exchange is indeed an example of an auction market. In an auction market, investors place bids to buy or sell securities and the market matches these bids in order to determine the price at which the trade will occur. The NYSE, as well as other major stock exchanges such as the NASDAQ, operate in this way.

The New York Stock Exchange Is the Best-Known Example of an Auction