In _________ auctions, sellers solicit bids from many potential buyers; these auctions result in _________ prices over time.

A) forward; higher
B) forward; lower
C) reverse; higher
D) reverse; lower

Forward Auctions

Auctions that sellers use as a selling channel to many potential buyers; the highest bidder wins the items.

Lower Prices

A pricing strategy adopted by businesses to attract more customers by offering goods or services at reduced costs compared to competitors.