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    Managerial Economics Study Set 5
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    Exam 17: Auctions and Competitive Bidding Available Online
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    An Auction Which Is Characterized by Descending Bids Is Known
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An Auction Which Is Characterized by Descending Bids Is Known

Question 3

Question 3

Multiple Choice

An auction which is characterized by descending bids is known as a(n) :


A) English auction.
B) Dutch auction.
C) French auction.
D) sealed-bid auction.
E) second-price auction.

Correct Answer:

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