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Auctions are widely used in finance, e-commerce and in e-games. Identify 3 uses of auctions by firms in finance, e-commerce and/or e-games. Explain the: a)

Auctions are widely used in finance, e-commerce and in e-games. Identify 3 uses of auctions by firms in finance, e-commerce and/or e-games. Explain the:

a) need for an auction in the product/service, and

b) what type of auction is used and why that type of auction is appropriate for the product/service.

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