AUCTION IN WHICH THE PRICE IS PROGRESSIVELY LOWERED UNTIL A BUYER ACCEPTS - Crossword clue

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Auction in which the price is progressively lowered until a buyer accepts

Solutions Auction in which the price is progressively lowered until a buyer accepts has 3 entries with similar clues

7-letter words
reducedLowered in price
9-letter words
monopsonyA market in which there is only one buyer
11-letter words
prohibitiveOf a price so high that it deters buyers