题目内容

Which of the following auctions is characterized by one seller and many buyers?

A. Walrasian auctions
B. ascending bid auctions
C. closed auctions
D. sealed-bid auctions
E. reverse auctions

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In which of the following auctions does the auctioneer first announce a high price for a product and then slowly decreases the price until a bidder accepts?

A. a Dutch auction with one buyer and many sellers
B. an English auction with one seller and many buyers
C. an ascending bid auction
D. a sealed-bid auction
E. a Dutch auction with one seller and many buyers

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In a(n) ________, the buyer announces something he or she wants to buy, and potential sellers compete to offer the lowest price.

A. Dutch auction with one buyer and many sellers
B. English auction with one buyer and many sellers
C. English auction with one seller and many buyers
D. sealed-bid auction
E. ascending auction

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________ auctions let would-be suppliers submit only one bid; they cannot know the other bids.

A. Descending bid
B. Sealed-bid
C. English
Dutch
E. Reverse

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In which of the following forms of countertrade do buyers and sellers directly exchange goods, with no money and no third party is involved?

A. buyback arrangements
B. offsets
C. barter
D. sealed bids
E. compensation deals

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Which of the following auctions is characterized by one seller and many buyers?

A. Walrasian auctions B. ascending bid auctions C. closed auctions D. sealed-bid auctions E. reverse auctions

In which of the following auctions does the auctioneer first announce a high price for a product and then slowly decreases the price until a bidder accepts?

In a(n) ________, the buyer announces something he or she wants to buy, and potential sellers compete to offer the lowest price.

________ auctions let would-be suppliers submit only one bid; they cannot know the other bids.

In which of the following forms of countertrade do buyers and sellers directly exchange goods, with no money and no third party is involved?

A. Walrasian auctions
B. ascending bid auctions
C. closed auctions
D. sealed-bid auctions
E. reverse auctions