auction type pricing

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Considering Dutch auctions, technique in which auctioneer lower announced price till bidder accepts price is used in situation of

Considering Dutch auctions, technique in which auctioneer lower announced price till bidder accepts price is used in situation of
  • A. One seller, many buyers
  • B. One buyer, many sellers
  • C. many sellers, many buyers
  • D. None of above
  • Correct Answer: Option A

Type of auctions which considers both situations such as many buyers and one seller or one seller and many buyers is classified as

Type of auctions which considers both situations such as many buyers and one seller or one seller and many buyers is classified as
  • A. Australian auctions
  • B. English auctions
  • C. Dutch auctions
  • D. Sealed-bid auctions
  • Correct Answer: Option C