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  2. Used good - Wikipedia

    en.wikipedia.org/wiki/Used_good

    A garage sale is a common place to find cheap used goods for sale. A person reading a book, in a second-hand shop.. Used goods, also known as secondhand goods, are any item of personal property that have been previously owned by someone else and are offered for sale not as new, [1] including metals in any form except coins that are legal tender.

  3. Second-hand shop - Wikipedia

    en.wikipedia.org/wiki/Second-hand_shop

    A second-hand shop is a shop which sells used goods.Secondhand shops are often part of the different parts of the reuse or Circular economy.Different formats of second-hand shop exist, selling in different formats and type of content: from antique stores, to consignment, and various types of thrift or charity shop, where the used goods are sold.

  4. Consignment - Wikipedia

    en.wikipedia.org/wiki/Consignment

    The owner of the goods pays the third-party a portion of the sale for facilitating the sale. Consignors maintain the rights to their property until the item is sold or abandoned. Many consignment shops and online consignment platforms have a set time limit (usually 60–90 days) at which an item's availability for sale expires.

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  6. eBay - Wikipedia

    en.wikipedia.org/wiki/EBay

    The monthly price increase from $30 to $250 prompted Omidyar to start charging eBay users. The website made $1,000 in its first month, which was more than it cost to run, and $2,500 in its second month. [2] Chris Agarpao was eBay's first employee; he processed mailed check payments. [4]

  7. Vickrey auction - Wikipedia

    en.wikipedia.org/wiki/Vickrey_auction

    The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit. A generalization of the Vickrey auction that maintains the incentive to bid truthfully is known as the Vickrey–Clarke–Groves (VCG) mechanism.

  8. First-price sealed-bid auction - Wikipedia

    en.wikipedia.org/wiki/First-price_sealed-bid_auction

    A generalized first-price auction is a non-truthful auction mechanism for sponsored search (aka position auction). A generalization of both 1st-price and 2nd-price auctions is an auction in which the price is some convex combination of the 1st and 2nd price. [11]

  9. Luxury box - Wikipedia

    en.wikipedia.org/wiki/Luxury_box

    C. Richard Vaughn Towers, luxury boxes at North Carolina State's Carter–Finley Stadium. The luxury box (or skybox [1]) and club seating constitute the most expensive class of seating in arenas and stadiums, and generate much higher revenues than regular seating.