Which of the following is a similarity between an English auction and a Dutch auction?
A) The second-highest bidder wins the good.
B) The bidder who values the good the most wins the good.
C) The bidders submit their bids privately at the same time.
D) The bidders submit their bids privately at different times during the bidding process.

Question

Quizplus · Accepted Answer

In both English and Dutch auctions, the item is awarded to the bidder who is willing to pay the most, reflecting their highest valuation of the good.

Which of the Following Is a Similarity Between an English