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  2. Topic
    Computing
  3. Study Set
    Electronic Commerce
  4. Exam
    Exam 2: E-Marketplaces: Mechanisms, tools, and Impacts of E-Commerce
  5. Question
    An Auction Is a Market Mechanism That Uses a Competitive
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An Auction Is a Market Mechanism That Uses a Competitive

Question 18

Question 18

True/False

An auction is a market mechanism that uses a competitive process by which a seller solicits consecutive bids from buyers or a buyer solicits bids from sellers.

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