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Business, 24.02.2020 20:58 milkshakegrande101

EAuction and EMarketplace are two competing Internet auction sites, where buyers and sellers transact goods. Each auction site earns money by charging sellers for listing their goods. EAuction has decided to eliminate fees for the first transaction for sellers that are new to their site. Explain why this is likely to be a good strategy for EAuction in its competition with EMarketplace.

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