What is the benefit of having the Internet facilitate the use of an auction pricing mechanism like eBay?
A) Participants no longer have to be in the same place for the auction.
B) Potential buyers are able to see the products up close.
C) Sellers are able to communicate with the bidders.
D) Sellers have more information.
E) Bidders are better able to follow previous bids.

Question

Quizplus · Accepted Answer

With the Internet, participants in an eBay auction no longer have to physically be in the same place. This enables a larger pool of potential buyers and sellers to participate in the auction, leading to more competitive prices and a higher likelihood of finding a buyer or seller for a product.

What Is the Benefit of Having the Internet Facilitate the Use