Bidders Sometimes Use Phantom Bidders to Drive Bid Prices Up

question 21

Multiple Choice

Bidders sometimes use phantom bidders to drive bid prices up rapidly at the beginning of an auction,thus discouraging bidding from legitimate bidders.At the last minute,the phantom bidders pull out,which awards the item to a very low bidding customer.This practice is called:

• A)bid fixing.
• B)shilling.
• C)sniping.
• D)bid shielding.

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Definitions:

Outer Layers

Pertains to the exterior surfaces or coatings of an object, material, or biological entity, often protecting or enclosing more sensitive inner structures.

Brain

The complex organ located in the skull responsible for thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Cortex

is the outermost layer of the brain, involved in complex functions such as perception, thought, and voluntary movement.

Impulse Control

The ability to regulate and manage desires or urges to act impulsively, often developed over time as part of emotional and cognitive maturation.