One of the biggest benefits of the Internet auction site eBay Select one: a. is its...
One of the biggest benefits of the Internet auction site eBay Select one:
a. is its control over prices.
b. is that it increases the supply of products.
c. is that it increases the demand for products.
d. is that it reduces transaction costs for both sellers and buyers.
Homework Answers
Internet auction sites are able to remove the intermediaries so the transaction cost is reduced. Since, less number of intermediary is involves so the transaction cost is low.
Option D. Is that it reduces transaction cost for both sellers and buyers.
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