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    What Is an Auction Format in Which Increasingly Lower Bids
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What Is an Auction Format in Which Increasingly Lower Bids

Question 87

Question 87

Multiple Choice

What is an auction format in which increasingly lower bids are solicited from organizations willing to supply the desired product or service at an increasingly lower price?


A) Reverse auction
B) Private exchange
C) Private auction
D) Reverse exchange

Correct Answer:

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