Characteristics of market that favours auction

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Reference no: EM132260482

a) What are the characteristics of a market that favours auction?

b) Right now, the bidding environment is not favourable in ebay.com.hk. In usual, only a few bids are posted in settling a deal. Discuss how to promote auction environment in the eBay.

c) Describe one effective auction, which can be used to dispose excess inventory being produced in a factory.

Reference no: EM132260482

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