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

Question

Quizplus · Accepted Answer

Option B is correct because more bidders result in each bidder submitting a higher bid closer to their reservation price, which increases the likelihood of a win. Option C is also correct because increased competition leads to higher bids and a higher probability of realizing greater profits. Therefore, the correct answer is option E, both B and C. The other options are not entirely accurate as they do not address the primary reason why sellers use auction sites.

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