Reverse auctions of the type used in business procurement:

  • A. are diminishing in importance.
  • B. have many buyers.
  • C. have sequential bidding.
  • D. are seller-initiated.
  • E. benefit the seller significantly more than the buyer.
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Reverse auctions have sequential bidding. C is only correct statement. Reverse auction along with other auction theories are listed here with detail.
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