which of the following is true of a traditional auctions ?

is a(n) oducts to the ultimate consumer-the homeowner. Th Question 12 options: service provider municipal agency reseller industrial firm Question 13 (1 point) Which of the following is true of a traditional auction? Question 13 options: Would-be sellers are invited to bid in competition with each other. As the auction progresses, fewer would-be buyers become involved. The auction ends when a single bidder "wins" the item with the lowest price. There is an upward pressure on bid prices. MAIN