Question: Question 2 There are two new internet auction sites run by Vinay and by Petar respectively, similar to eBay, where buyers and sellers transact

Question 2 There are two new internet auction sites run by Vinay

Question 2 There are two new internet auction sites run by Vinay and by Petar respectively, similar to eBay, where buyers and sellers transact for goods. The two sites, eVinay and ePetar, compete against each other for business. The auction sites earn revenue by charging sellers for listing their goods. eVinay decides to eliminate fees for the first transaction by new sellers on the site.

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