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    Exam 2: E-Commerce: Mechanisms, Infrastructure, and Tools
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    A Formal Auction in Which Participants Pay a Nonrefundable Small
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A Formal Auction in Which Participants Pay a Nonrefundable Small

Question 18

Question 18

Multiple Choice

A formal auction in which participants pay a nonrefundable small fee for each bid,and the bid level changes by small increments.This defines


A) reverse auction.
B) charge-by-bid auction.
C) forward auction.
D) penny auction.

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