The resource allocation method used for the online auctions on eBay is
A) market price.
B) lottery.
C) contest.
D) first-come, first-served.
E) sharing equally.

Question

Quizplus · Accepted Answer

The resource allocation method used for the online auctions on eBay is market price. This means that the item is sold to the highest bidder, and the price paid is the market price that has been determined by the bidders. This method ensures that the item is sold at the optimal price, and the seller gets the highest possible price for their item. It also ensures that the item goes to the bidder who values it the most.

The Resource Allocation Method Used for the Online Auctions on EBay