Price which is paid by bidders and is accepted by all...

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Price which is paid by bidders and is accepted by all other bidders is classified as

A. highest price

B. lowest price

C. zero price

D. peak price

Answer: Option B

Solution (By Examveda Team)

Price which is paid by bidders and is accepted by all other bidders is classified as lowest price. A bidder is someone who offers to pay a certain amount of money for something that is being sold.

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