Which of these is the correct name for the structure below?
Definitions:
Oral Auction
A live auction where bids are made through spoken communication amongst bidders.
English Auction
A type of auction where the price ascends with each subsequent bid and the highest bidder wins.
Increasing Bids
The action of progressively raising the price offer in an auction or competitive bidding situation.
High-value
Referring to products, services, or investments that are considered to be of great worth or quality in comparison to their price or cost.
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