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What is a web-based Public auction
Web-based auctions, often called virtual auctions, are carried out online. It's a solution through which a vendor offers products or services online during which potential buyers may place a bid at any time and almost anywhere. Web based auctions like eBay and MadBid procedures are similar to normal auctions; it requires a vendor promoting a service or product where many different buyers place a bid beginning with an established minimum amount. Placing bids begins whenever a person logs this particular sum.
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