Which One of the Following Statements Is NOT True About

Which one of the following statements is NOT true about auction markets?

A) In an auction market, buyers and sellers face each other directly and bargain over price.
B) The NASDAQ is the most efficient stockmarket in the United States.
C) The New York Stock Exchange is the best-known example of an auction market.
D) The auctioneer in this case is the specialist, who is designated by the exchange to represent orders placed by public customers.