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There is no reserve--whatever the high bid is--it sells for that amount.
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∙ 13y ago
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What is the difference between absolute auction and confirmation auction?
In an absolute auction, the highest bid wins the item or real estate, there is no minimum bid requirement. In a confirmation auction the highest bid has to be confirmed/approved by the owner or bank, sometimes also referred to as a reserve price.
What is the real estate definition for an estate sale?
An estate sale is a type of sale or auction to dispose of the majority of the materials owned by a person who is deceased or will be moving.
What is the difference between a reverse auction and a forward auction?
A forward auction is the "ordinary auction" we are all used to today. In a forward auction, the buyer bids on the sellers item, and the prices of the item increases during the auction. On the other hand, a reverse auction switches the roles of the buyer and the seller. In a reverse auction, the sellers are competing for the buyers business, and the prices of the items the sellers are selling decrease during the auction.
What is the definition of absolute advantage?
Absolute advantage exists when one economic agent can strictly produce more than another agent in a given good or service. This is different from comparative advantage, which occurs when an economic agent can produce for a lower opportunity cost than another agent.
What auction is the most common auction model for large purchases?
A reverse auction is the most common auction model for large purchases. During a reverse auction, the sellers bid to obtain business from a potential buyer.
Is there a starting bib at an absolute auction?
yes
What is the definition of absolute age?
The age of absolute
Can a seller back out of an absolute auction?
No its a crime for which you can go to jail.
What is good definition of penny auction?
Any auction where starting price is 1 cent.
Definition of absolute value?
Absolute value is a measure of distance.
What is the difference between absolute auction and confirmation auction?
In an absolute auction, the highest bid wins the item or real estate, there is no minimum bid requirement. In a confirmation auction the highest bid has to be confirmed/approved by the owner or bank, sometimes also referred to as a reserve price.
Is a plateau a definition of absolute location?
No, it is not.
Why the absolute value of a number is never negetive?
Because of the the definition of "absolute value".
Why should a absolute value never negative?
Because that is the definition of absolute values
What are absolute relative and polar coordinates?
absolute relative and polar coordinates definition
What is the shortest definition for dictatorship?
absolute ruler
What is the best definition of 'absolute location'?
Absolute location is the actual spot on the planet where something is
