The Internet created a rise in ___________________ as more and more people decided to meet online to sell products to the highest bidder.

Question

Quizplus · Accepted Answer

As a strategy, auction pricing has gained in prominence as Internet commerce has come of age. The most famous example of auction pricing is eBay. Whereas in the past prices at auction were wholly dependent on the level of demand represented by a fairly small number of people either physically gathered at the auction location or connected through traditional telecommunication, today the Internet provides a vast electronic playing field for customers to participate in the auction on a real-time basis.

The Internet Created a Rise in ___________________ as More and More