All of the Following Are True Regarding an English Auction

Multiple Choice

All of the following are true regarding an English auction except which one?

A) Bidders usually know the price that causes other participants to drop out of the auction.
B) It is the most common type of auction in business settings.
C) Bidders have a substantial amount of information regarding how other participants value the item.
D) Bidders typically know who is participating in the auction.