Multiple Choice
Which of the following is a difference between an English auction and a Dutch auction?
A) Bids are placed publicly in an English auction, while bids are placed privately in a Dutch auction.
B) The bidder who values the good the most wins in an English auction, while the bidder who values the good the least wins in a Dutch auction.
C) An English auction is an ascending price auction, while a Dutch auction is a descending price auction.
D) An English auction is a descending price auction, while a Dutch auction is an ascending price auction.
Correct Answer:
Verified
Correct Answer:
Verified
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