Auctions Are a Viable Method of Selling an Item

question 11

Multiple Choice

Auctions are a viable method of selling an item:

• A)when one-on-one negotiation with a buyer is not possible.
• B)when the seller is not practicing monopoly.
• C)when a competitive market fails to exist.
• D)when the item is non-differentiated.
• E)when posted pricing under uncertain environment cannot take place.