A Particular Good Was Withdrawn from the Market After Bids

Multiple Choice

A particular good was withdrawn from the market after bids were opened. This implies that:

A) the highest bid in the auction did not exceed the seller's minimum reserve price.
B) the lowest bid in the auction did not exceed the seller's maximum price.
C) the government chose to intervene.
D) the personal value of the seller was met.
E) the seller intended to negotiate a sale to a favored buyer.