Auction to uncover value in the product or service

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Auctions are widely used in finance, e-commerce, and in e-games. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:

o The need for an auction to uncover value in the product or service.

o How the type of auction used to uncover the value of the product or service is better at uncovering value than other types of auctions.

Reference no: EM132527256

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