FOR SALE: 24 Small Children that come with their original warranty papers, clothing etc.. 8 of them have over-sized heads, and were supposed to be called back, but never were. All are ages 2-5, and have had as many years experience in the Japanese language. All of the children above age 3 have already had training in factories owned by Disney, making Donald Duck Velcro wallets. I am asking dollars a head for this bunch, or take them all for ,000! Also available – GRAB BAG! Receive in your grab bag: 3 random children and a fun, free mystery prize. Shipping costs vary depending on order size and how large my friend Jerry and I have to make the wooden box. Boxes range from to dollars, food, water and air holes cost extra. (2004), What the heck.com.
The above listing is an actual item that appeared on an eBay auction February 20th, 1999. The bidding got to dollars before it was halted. According to Hoovers (2004), eBay currently has sales of .1 billion with net profits of 1 million. Hof (2004) writes, “Sure, it already boasts more than 25 million items at any one time — from vintage lunch boxes to new DVD players. But its heady growth suggests a need for even more stuff. Last year, more than 40 million active buyers bought billion worth of goods, up 60% from 2002.” (par.1).
More than just a growth company, eBay is changing the way business is conducted around the world.
Please describe the four market structures in terms of both allocative and productive efficiency. Then examine how eBay (and companies like it) are impacting each? How might you respond to this challenge if a company you worked for was directly affected?
I couldn’t figure out where you were going with this until I got to the last paragraph.
Sorry, but I don’t do anyone’s homework for free!
Good luck with that.