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Author Question: When sellers agree informally or formally to set floor prices below which they will not sell on ... (Read 455 times)

lak

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  • Posts: 546
on: Jul 7, 2018
When sellers agree informally or formally to set floor prices below which they will not sell on auction items, this is known as:
 
  A) discriminatory pricing.
  B) price matching.
  C) bid rigging.
  D) distress pricing.

Question 2

_____________ allows the consumer to enter a maximum price and the auction software automatically places incremental bids up to that maximum price as their original bid is surpassed.
 
  A) A watch list
  B) Proxy bidding
  C) Sealed bidding
  D) Price matching


cloudre37

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

B


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