Auctions can be differentiated on the basis of ________.
A) the number of buyers
B) the number of sellers
C) the way in which people place their bids
D) the degree of competition among buyers

Question

Quizplus · Accepted Answer

Auctions can be differentiated on the basis of the way in which people place their bids, such as a sealed bid auction, an open bid auction, or a Dutch auction. Although the number of buyers and sellers and the degree of competition among buyers can also vary between auctions, these factors are not the main distinguishing characteristic of different types of auctions.

Auctions Can Be Differentiated on the Basis of ________