Definition[]
A forward English auction
“ | let[s] multiple buyers to bid competitively for products from individual suppliers. Foreward auctions are seller-driven auctions, with prices moving up as a result of bidding among buyers.[1] | ” |
References[]
- ↑ Entering the 21st Century: Competition Policy in the World of B2B Electronic Marketplaces, at 10 (footnotes omittd).