Which of the Following Types of Auctions Offers a Neutral

question 5

Multiple Choice

Which of the following types of auctions offers a neutral marketplace, without buyer or seller bias?

• A)sealed bid market
• B)English auction
• C)double auction
• D)name your own price auction

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.

Total Revenue

The total amount of money a firm receives from the sale of its goods or services, calculated as the quantity sold multiplied by the price per unit.

Buyers

Individuals or organizations that purchase goods or services for personal use, resale, or production.

Total Revenue

The total income received from sales of goods or services before any expenses are subtracted.