Are auctions an efficient way to settle price differences among consumer?
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0
Answer:
No
Explanation:
Because it makes noise a lot and they shout
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2
No, auctions are not an efficient way to settle price differences among consumers.
Explanation:
Auctions are a way in which the cost of a product increases due to the demand of the product instantly with each bidding. This is an effective way to increase healthy competition.
This increases the value of the product as the person who proclaims the highest bid owns it. Auctions also provide chances for those owners who have lost their property or product to regain.
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