In _________ auctions, sellers solicit bids from many potential buyers; these auctions result in _________ prices over time.
A) forward; higher
B) forward; lower
C) reverse; higher
D) reverse; lower

Question

Quizplus · Accepted Answer

In forward auctions, sellers solicit bids from many potential buyers, which typically drives prices higher as buyers compete against each other.

In _________ Auctions, Sellers Solicit Bids from Many Potential Buyers;