Multiple Choice
How is a Danish auction conducted?
A) Starts with a low price. Participants bid up the price until only one is left.
B) Starts with a high price. Price is reduced until one participant accepts it.
C) Participants submit their prices in envelopes. Highest bidder wins.
D) There is no such thing as a Danish auction.
Correct Answer:
Verified
Correct Answer:
Verified
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