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    Exam 6: Understanding Organizations As Customers
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    When Prospective Buyers Observe the Bids of Others and Decide
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When Prospective Buyers Observe the Bids of Others and Decide

Question 6

Question 6

Multiple Choice

When prospective buyers observe the bids of others and decide whether or not to increase the bid price, it is called a(n)


A) industrial fire sale.
B) reverse auction.
C) webfront auction.
D) traditional auction.
E) bidder's war.

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