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eBay is an example of an online auction market (0AM). All OAM's reduce transaction costs (TCs) by collecting buyers and sellers in a central location,

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eBay is an example of an online auction market (0AM). All OAM's reduce transaction costs (TCs) by collecting buyers and sellers in a central location, thereby reducing search costs. eBay has rened the DAM experience in several ways go beyond the mere linking of buyers and sellers

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