Why do you think that the ascending bid auction is more likely than a sealed-bid auction to allocate the item for sale to the bidder who values the item the most? Enter your answer here Save Answer Q1.4 2 Points UK: How did the Anglo-Dutch auction format work and what was the rationale behind the initial proposal? and Save Answer "Unsaved Changes Q1.5 2 Points The Netherlands: Given that the Netherlands had five incumbent firms and five licenses for sale, why was the ascending-bid auction a bad idea? Enter your answer here