Which of the following is not a true statement?
A) Auctions create market efficiency.
B) Auctions eliminate inter-market price differences.
C) The Internet has increased the liquidity of traditional auctions.
D) Auctions make it more difficult for merchants to engage in price discrimination.

Question

Quizplus · Accepted Answer

Auctions may create market efficiency by bringing buyers and sellers together in a transparent way, but they do not necessarily eliminate inter-market price differences. This is because different markets may have different levels of supply and demand, leading to varying prices.

Which of the Following Is Not a True Statement