Sellers can make typographical errors when listing items on the online auction site eBay.These items often attract very few bidders.For example,someone listing a Nokia phone as a Nokya phone would have very few potential buyers sent to the incorrectly listed item by eBay's search engines.Some buyers look for items that are mislisted,buy them for a low price,then immediately list them for resale under the correct listing.Why does an arbitrage opportunity exist in this case?
A)eBay's search engine makes it a fundamentally non-competitive market,since sellers do not have the same advantages as buyers.
B)Buyers with a greater knowledge of the market than sellers can purchase goods for a discount.
C)The same item can be bought and sold on what are essentially two different markets,a market of mislisted items where they sell low and a market of correctly listed items where they sell high.
D)The items are,in effect,not equivalent,since the item listed incorrectly will sell,in general,for a lower price than the correctly listed item.
E)Sellers deliberately change the spelling to avoid getting caught selling stolen goods.

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The Answer of Sellers can make typographical errors when listing items on the online auction site eBay.These items often attract very few bidders.For example,someone listing a Nokia phone as a Nokya phone would have very few potential buyers sent to the incorrectly listed item by eBay's search engines.Some buyers look for items that are mislisted,buy them for a low price,then immediately list them for resale under the correct listing.Why does an arbitrage opportunity exist in this case?
A)eBay's search engine makes it a fundamentally non-competitive market,since sellers do not have the same advantages as buyers.
B)Buyers with a greater knowledge of the market than sellers can purchase goods for a discount.
C)The same item can be bought and sold on what are essentially two different markets,a market of mislisted items where they sell low and a market of correctly listed items where they sell high.
D)The items are,in effect,not equivalent,since the item listed incorrectly will sell,in general,for a lower price than the correctly listed item.
E)Sellers deliberately change the spelling to avoid getting caught selling stolen goods.

Sellers Can Make Typographical Errors When Listing Items on the Online