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Auctions are widely used in finance, e-commerce, and in e-games. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:

Auctions are widely used in finance, e-commerce, and in e-games. Identify three examples of auctions used in finance, e-commerce, and/or e-games. Explain the following in-depth:

oThe need for an auction to uncover value in the product or service.

oHow the type of auction used to uncover the value of the product or service is better at uncovering value than other types of auctions.

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