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    Electronic Commerce Study Set 1
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    Exam 6: Social Networking, Mobile Commerce, and Online Auctions
  5. Question
    _____ Auctions, Either Sealed Bid or Open Outcry, Work Well
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_____ Auctions, Either Sealed Bid or Open Outcry, Work Well

Question 52

Question 52

Short Answer

_____ auctions, either sealed bid or open outcry, work well only for items of known quality, such as securities or graded agricultural products, that are regularly traded in large quantities.

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