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Essay text:
The Internet has dramatically changed how people see and buy goods. Millions of globally dispersed consumers now engage in competitive exchange via bidding and can set prices that reflect real-time supply and demand as efficiently as any trading floor. The physical limitations of traditional auctions such as geography, presence, time, space, and a small target population virtually disappear in online settings. The Internet provides a critical mass of consumers located on different continents, who could, with a click of their mouse buttons, participate simultaneously in multiple auctions. Participants are also relieved of the social awkwardness and time-consuming nature of face-to-face haggling?many simply automate their bidding, letting the computer take care of negotiation...
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Common topics in this essay:
- Comparison of Online and Offline Retail Environment of Car Industry
- GAP online
- MBA Online
- Online Marketing
- Online Rental
- Online Restaurant
- online advertising
- Online Cafe
- Online Auction
- Censorship Online
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