a. Can an eBay auction give the seller a surplus? b. On a graph show the consumer
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b. On a graph show the consumer surplus and producer surplus from an eBay auction.
If you think you would save money by bidding on eBay auctions, you would likely be right. Two Maryland researchers calculated the difference between the actual purchase price paid for auction items and the top price bidders stated they were willing to pay. They found that the difference averaged at least $4 per auction.
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a Yes an eBay auction can give a seller a surplus The seller has a m...View the full answer
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