Ebay Work

As I was on ebay I saw how many options and varieties of different types of things there were. I wasn't really interested in buying anything off of ebay but I did it for the assignment. It was amazing how much junk people put on line and other people bid on. I bought nail files because my stepmother said she needed them so I got them. I hope they're new because I wouldn't use nail files that were used. 

This assignment showed me how the manufacturers have to eliminate competition, competition for market price, and labor market. Bidders have to outbid the others and the people who are posting up the auctions have to make their deals sound better then others that are auctioning the same thing. This relates to what we were talking about in class because Andy explained all these things to the class when we were going over capitalism. It also relates to the auction we had in class because we saw strategies used like snipe bidding.