What method is used to allocate flowers at bloemenveiling

Reference no: EM131298539

The world's largest tulip and flower market Every day over 19 million tulips and flowers are auctioned at the Dutch market called "The Bloemenveiling." These Dutch auctions match buyers and sellers.

In a Dutch auction, the auctioneer announces the highest price. If no one offers to buy the flowers, the auctioneer lowers the price until a buyer is found.

What method is used to allocate flowers at the Bloemenveiling?

Reference no: EM131298539

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