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Author Question: What is meant by sniping in an auction? Does it make sense to snipe to win an auction? What will ... (Read 39 times)

jwb375

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on: Jun 29, 2018
What is meant by sniping in an auction? Does it make sense to snipe to win an auction?
 
  What will be an ideal response?

Question 2

Limited personal liability is an advantage for
 
  A) sole proprietorships and partnerships. B) partnerships and corporations.
  C) sole proprietorships and corporations D) corporations.


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Anton

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Auctions that are held on eBay end at a pre-specified time. This leads to sniping  a practice where a bidder places bids at the last possible minute, just before the auction ends. This allows the bidder to win the auction, as the auction ends before other bidders can react. There appears to be no statistically significant benefit to sniping. Research has shown that the final prices for two identical goods were approximately the same, with sniping and without.

Answer to Question 2

D


jwb375

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

connor417

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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