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In Recent Years,auction Sites,such as Ebay,have Flooded the Internet

Question 1

Multiple Choice

In recent years,auction sites,such as ebay,have flooded the Internet.Sellers expect to gain by using the Internet for conducting auctions because:


A) more bidders means that price discrimination is an option.
B) with more bidders, each submits a bid closer to his or her reservation price to increase the probability of a win.
C) with more bidders, sellers expect to realize greater profits.
D) consumer surplus will increase.
E) b and c

Correct Answer:

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