Which is a type of auction

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Which is a type of auction?

A. Open descending

B. Open close

C. Sealed price

D. Sealed ascending

Answer: Option A

Solution(By Examveda Team)

Open descending is a type of auction. An auction market is a market in which buyers indicate the highest price they are willing to pay and sellers indicate the lowest price they are willing to accept. A trade occurs when the buyer and seller agree on a price.

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