This week when we did the auctions everything seemed familiar. I read a book about them before so I knew all the ones we did except the one where the bid would drop in intervals. I think that one favors the person who has the most money. Ebay is the most popular auction site but I went online and found a lot more, for example: national auction list, auctionfire, uBid,etc. However personally I rarely use ebay and other auction sites.
Last time for my individual assignment, I had to answer questions about profiting between the buyer and the seller. And I came across an article on website: http://www.securitymanagement.com/news/retailers-call-federal-regulation-online-auction-sites
Basically this article talks about thieves and how they can sell their stuff online through auctions like eBay. Therefore I can add to my answer last time. Who profits more also depends on how much the seller received the item for. I was trying to say that but I didn’t think of the example of a thief. There are no regulatory rules on ebay therefore many of the items can be stolen goods therefore called e-fencing. I think it’s hard to stop crimes all at once but we should come up with some rules for sellers especially if an item is brand new and they are selling in bulks.
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