An auction in which the auctioneer starts at a high price and then lowers the price in

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An auction in which the auctioneer starts at a high price and then lowers the price in increments until there is a willing buyer is best called a:

A. Dutch auction.

B. Vickery auction.

C. private-value auction.

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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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