MCQOPTIONS
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				| 1. | 
                                    The type of auction which have many buyers and only one seller and the bidder raises the price of an offer is classified as | 
                            
| A. | English auctions | 
| B. | Dutch auctions | 
| C. | equalizing-bid auctions | 
| D. | Australian auctions | 
| Answer» B. Dutch auctions | |