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12. Which of the following statements is true regarding an auction with reserve: a. The bidder is making an ohr to buy. It). The auctioneer

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12. Which of the following statements is true regarding an auction with reserve: a. The bidder is making an ohr to buy. It). The auctioneer is making an oer to sell. C. The bidder is accepting the auctioneer'is oer to sell. d. The bidder is making an oer to sell. 9. None of the above

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