Auctions are a viable method of selling an item when:
A) one-on-one negotiation with a buyer is not possible.
B) the seller is not practicing monopoly.
C) a competitive market fails to exist.
D) the item is non-differentiated.
E) posted pricing under uncertain environment cannot take place.

Question

Quizplus · Accepted Answer

The Answer of Auctions are a viable method of selling an item when:
A) one-on-one negotiation with a buyer is not possible.
B) the seller is not practicing monopoly.
C) a competitive market fails to exist.
D) the item is non-differentiated.
E) posted pricing under uncertain environment cannot take place.

Auctions Are a Viable Method of Selling an Item When