Which of the following is an example of a reverse auction?
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The government accepts sealed bids for the construction of a military base.
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The sale of U.S. Treasury securities using a multiple-item Dutch auction.
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The federal government accepts sealed bids for the right to drill for oil on public land.
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A university sells the naming rights to its library using a sealed-bid, second-price auction.
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A private collector sells a painting by Rembrandt in an English auction.
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