0
What else can I help you with?
What type of online auction involves one seller and multiple buyers?
The type of online auction that involves one seller and multiple buyers is called a "forward auction."
Benefit of forward auction to seller?
increases selling
What happens when a horse auction ends on howrse.com does it go back to the owner?
if the horse has been sold, the money will be given to the seller and the horse will be transferred to the buyer's account.if it has not been sold it will return to the seller.
Can a seller back out of an auction on eBay?
A seller can back out for many reasons. Some reasons but not limited too:  Error in listing  Lost or broken item  The item is no longer for sale If you're a buyer and your not getting what you wanted please keep in mind that accidents and honest mistakes do happen. The buyer should get a refund from a seller that had to back out of a sale.
Can you purchase a home scheduled for auction before the auction?
You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.
Is there a starting bib at an absolute auction?
yes
How does a monopoly auction work and what are the key factors that determine the outcome of the auction?
In a monopoly auction, a single seller offers a product or service to multiple buyers. The key factors that determine the outcome of the auction include the starting price set by the seller, the number of buyers participating, the demand for the product or service, and the strategies used by buyers to outbid each other. The highest bidder typically wins the auction and pays the final price set by the seller.
Can a seller on eBay not sell the item after you have won it?
No, once an auction has ended with yours being the winning bid, or you if have hit the Buy It Now button, you have won the item and the seller is obliged to sell it to you.In a similar way, the buyer is obliged to pay for an item after they have won it even if they have changed their mind.Sometimes a seller will end their auction early, even if they have bids; it is bad practice from the seller but it is allowed in some circumstances (for example, if the item has been broken) and must be done before the auction ends.If the seller refuses to sell the item the buyer can report them for "seller non-performance" and can leave negative feedback for the seller.If the buyer has already paid and the seller refuses to sell, the buyer can "open a case" with eBay, or PayPal, to get their money back and they can also leave negative feedback for the seller.
What are the advantages to the seller in an absolute auction?
The property or item is almost guaranteed to sell, thus relieving the seller of the expenses and lack of income associated with the property. Additionally, because the property or item is going to sell at any price this attracts more bidders/buyers in an otherwise saturated market or depressed market.
What does it mean if an auction is with reserve?
If an auction is with reserve, it means that the seller has set a minimum price that must be met before they are willing to sell the item. If the bidding does not reach this minimum price, the seller is not obligated to sell the item.
Is a reverse auction different from a regular auction?
In reserve auction, there is a maximum price for the particular auctioned item, and the bid reaches here, then the seller can not increase but lower the reserve price. In a regular auction, the Reserve price is the maximum price for the auctioned item that the seller willing to accept. You can go and check out for live auctions that are running on banknilami website. You can participate there.
What is absolute monopoly?
monopoly refers to a single seller in the market structure
