The reserve price in an auction is the lowest price at which the seller of a good will part with it.

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Wesley Wardrip · Accepted Answer

Final Answer : True, Explanation :  The reserve price is the minimum price set by the seller and represents the lowest price they are willing to accept for the item being sold in an auction. If the bidding does not reach this reserve price, the seller may choose to withdraw the item from the auction.

The reserve price in an auction is the lowest price at which the seller of a good will part with it.

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