Question: 1. List different types of virtual communities with example. A group of MIT students wants to create a virtual community to exchange ideas, initiatives, and

1. List different types of virtual communities with example. A group of MIT students wants to create a virtual community to exchange ideas, initiatives, and progress stories regarding new startup business As a part of that group, what kind of virtual community you think would be helpful for you? Why? 2.Define online auction. The procurement department of MIT wants to sell large number of used accessories by auctioning. What kind of auction would you suggest for selling large number of goods? Why? word limit 100-140 for each question

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