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Topic: Technology
Number of pages / Number of words: 3 / 754
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The binding contract of the auction is between the winning bidder and the seller only

Because access to the online trade channel (i.e. Internet) is universal, and the physical assets required to setup an auctioning site are all commercially available, barriers to entry in the auctioning industry are minimal...


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What comes stronger into play is the network externalities effect, as was mentioned before.

Being in a market with huge network externalities makes it extremely difficult for a competitor to get a large share of the userbase, since most users tend to gravitate towards the service which already offers the most users (since it will presumable have the greatest number of offerings...


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General points of the essay

10 days that shaped america (history channel) summary America Online To Unveil Flat Fee For Internet Access Bidder's Edge And Ebay Bidder's Edge Binding Arbitration Clauses CUSTOMER SELLER RELATIONSHIP Discuss the history of Australia regarding trade policies and moving from protectionist to free trade. Ebay history and business model Electronic Auction Markets: eBay explored Law- Unpaid Seller stalin history channel notes Online Auction Analysis: &Amp;Quot;Breaking Vegas&Amp;Quot; (History Channel Documentary) Chinese Foot Binding Ebay history

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