The Resource Allocation Method Used for the Online Auctions on EBay

question 343

Multiple Choice

The resource allocation method used for the online auctions on eBay is

• A) market price.
• B) lottery.
• C) contest.
• D) first-come, first-served.
• E) sharing equally.

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Definitions:

Response

A reaction to a specific stimulus or situation, which can be psychological, physiological, or behavioral.

Delay

The act of postponing or holding off an event, action, or operation.

Avoidance Conditioning

A learning process in which an individual learns to prevent the occurrence of a negative or unpleasant outcome.

Classical Conditioning

An instructive procedure where two stimuli are regularly associated, causing a response at first provoked by the second stimulus to later be provoked by the first stimulus exclusively.