In an English auction
A) the price decreases until someone bids.
B) the price increases until nobody else will raise the bid.
C) bidders put their bids in a sealed envelope.
D) the winning bidder pays the amount bid by the person with the second highest bid.
B
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Why do street performers face a free-rider problem? How do they try to reduce this problem?
Please provide the best answer for the statement.
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