Dutch auction

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Dutch auction, otherwise called mechanical, is an oral auction; The starting price, usually high, is gradually lowered. This is accompanied by a countdown timer. The first person who stops this clock mechanism becomes the buyer. The name comes from the Dutch flower market, where the sales system was used to guarantee that everything would be sold (flowers are an unstable product). This way, you will be dealing mostly with easy and perishable things such as plants, seafood, etc. The American treasure (also other countries) uses a Dutch auction selling treasury bills. Bibliography

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