The ____ auction is a form of open auction in which bidding starts at a high price and drops until a bidder accepts the price.
A)English
B)Dutch
C)French
D)Spanish

Question

Quizplus · Accepted Answer

The Dutch auction, also known as a descend-auction or clock auction, is characterized by the decreasing trend of prices as the auctioneer starts asking for high prices and gradually decreases them until a bidder is willing to accept a price. The other options, English, French, and Spanish auctions, do not follow this pattern.

The ____ Auction Is a Form of Open Auction in Which