Which of the following is an example of a reverse auction

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Which of the following is an example of a reverse auction?

The government accepts sealed bids for the construction of a military base.

The sale of U.S. Treasury securities using a multiple-item Dutch auction.

The federal government accepts sealed bids for the right to drill for oil on public land.

A university sells the naming rights to its library using a sealed-bid, second-price auction.

A private collector sells a painting by Rembrandt in an English auction.

Reference no: EM13906220

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