Final answer:
In a Dutch auction, the price of the items lowers until a bid is accepted, so the option indicating higher prices later in the auction doesn't apply, as prices decline over time.
Step-by-step explanation:
A Dutch auction is a market mechanism where the price of the item being auctioned is lowered incrementally until a bid is made and the item is sold; this process applies to all units available in the auction. In this context, all of the following are true except for the option that implies higher prices later in the auction, which is not how a Dutch auction operates - prices fall over time in such auctions. Moreover, the existence of asymmetric information can affect the outcome of auctions but does not specifically pertain to the format of the Dutch auction. Most importantly, a Dutch auction can ensure that sellers as well as buyers are well informed about the products and that sellers are able to enter and exit the market freely.