1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Serhud [2]
3 years ago
7

BidBuy is the world's leading online auction company. When BidBuy was founded ten years ago it was the first online auction comp

any, and it has been the leader since it was founded. Although there are other firms in the industry, BidBuy controls over 75% of the market in the United States, and three additional firms control another 20% of the U.S. market. One of the aspects of BidBuy that keeps users from changing to other online auction companies is the large user base BidBuy has built and a feedback rating system that allows buyers and sellers to rate their satisfaction with each other following each transaction. This allows users to build a reputation for honesty and trustworthiness. Sellers with a high feedback rating tend to receive more bids on their auctions and a higher price for their goods. To help facilitate payment transfers between buyers and sellers following successful online auctions, companies such as DollarDog have been founded, and these companies have facilitated growth for BidBuy. Having attained a 75% market share in the U.S., BidBuy has begun expanding internationally, opening its own sites in some countries and purchasing incumbents in others. In its international expansion, BidBuy has allowed its individual companies to customize their offerings according to the needs and desires of the countries in which they operate and when these companies are successful, BidBuy works to transfer these successful capabilities throughout the firm.
Which of the following best describes the competition in the U.S. online auction industry?

Answers:
perfect competition

monopolistic competition

oligopoly

monopoly
Business
1 answer:
hoa [83]3 years ago
7 0

Answer:

The correct answer is C

Explanation:

Oligopoly is the form of market or an industry, which is defined as an industry or market that is dominated through a stop of the large sellers. In short, means that this market does not have large sellers in the economy.

This form of market could result from various or many forms of collusion which will help in reducing or decreasing the competition and will result in higher prices for the or buyers or consumers. They have their own structure of market.

So, in the following case, stated here, the competition in the online auction industry of US, states or describe the Oligopoly market.

You might be interested in
Lorenzo, who works as a supervisor at Travelus Corp., notices that one of the employees, Maya, takes very long coffee breaks whi
nata0808 [166]

Answer:

From the given information, we can infer that Lorenzo has decided to give Maya a warning.

Explanation:

The warning is the statement which indicates any unpleasant situation which may arise if not taken any precaution. Although it is unpleasant to hear and to contemplate, it gives sufficient time for any situation to be covered up within the time. In the above case, Lorenzo decided to warn Maya about her activity. By doing this he would be able to draw Maya's attention towards her behavior.

5 0
2 years ago
Employers often decide if they want to meet you based on your… so it is very important to highlight your strengths.
andreyandreev [35.5K]

Answer:

Hello There!!

Explanation:

I think the answer is D. credit report.

hope this helps,have a great day!!

~Pinky~

7 0
2 years ago
Read 2 more answers
A new labor-saving technology will likely result in..... Group of answer choices Lower wage share of output and lower Gini coeff
jekas [21]

Answer:

Higher unemployment, lower wage share of output, and higher Gini coefficient in the long run.

Explanation:

Since less labor will be used, total unemployment will increase. Besides less labor being used, more capital will be used, so the share of labor in total output will decrease. Labor efficiency increases, since you need less labor to produce the same or even a larger amount of output.

New technologies tend to increase the wages of high skilled labor and management. Since the Gini coefficient measures income inequality, then higher wages for a few will increase inequality.  

This is an example of what is happening in the US, where highly trained labor is getting paid better every time while unskilled labor is getting paid the same as many years ago or their wage has even decreased with time. This shows how important a college education is, and the difference will only keep increasing.

7 0
2 years ago
A measure of the burden of continual deficit financing over time is the ratio of:.
Ksju [112]

Answer:

Explanation:

the debt to the GBP

8 0
1 year ago
What is a subcontractor
iren [92.7K]

Answer:

A subcontractor is a company or person who is hired by a general contractor (or prime contractor, or main contractor) to perform a specific task as part of the overall project and is normally paid for services provided to the project by the originating general contractor.

Hope it helps!!! Please give brainliest!!!

4 0
3 years ago
Other questions:
  • Greg purchased 2,000 shares of common stock of the rite track corporation last year. he learned several months later that the st
    9·1 answer
  • Which position has the duty to examine the cost implications of a proposed bill?
    12·1 answer
  • The following information is provided for each division. Investment Center Net Income Average Assets Cameras and camcorders $ 4,
    5·1 answer
  • Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on
    6·1 answer
  • Which of the following may create barriers to customers with disabilities?select all that apply
    15·1 answer
  • Exercise 8-17 Partial-year depreciation; disposal of plant asset LO P2 Rayya Co. purchases and installs a machine on January 1,
    11·1 answer
  • What is the problem with creating a promotional message to use for all countries?
    9·1 answer
  • Suppose canada has a population of 30 million people, and labore force participation rate of 2/3. furthermoew, suppose the natur
    6·2 answers
  • An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish.
    5·1 answer
  • Using the data below, determine the ending inventory amount assuming the weighted average method under a periodic inventory syst
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!