In an english open outcry auctiona sellers outnumber, Ask an Expert

Economics

In an English open outcry auction,

a. sellers outnumber buyers

b. sellers with market power capture most of the benefit

c. bids and offers may be made in any order

d. bidding opens at a high price and then the price falls until only one buyer remains

e. bidding opens at a low price and the price then increases until only one buyer remains

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91371661

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