Auctions have not proved very effective in determining how much potential customers will (or will not) pay for a product.

Name: Auctions have not proved very effective in determining how much potential customers will (or will not) pay for a product.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Auctions have been effective in determining how much potential customers are willing to pay for a product, as they directly reflect the demand and value perceived by the participants through their bids.

Auctions Have Not Proved Very Effective in Determining How Much