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  2. List of scams - Wikipedia

    en.wikipedia.org/wiki/List_of_scams

    Victor Lustig, a con artist born in Austria-Hungary, designed and sold a "money box" which he claimed could print $100 bills using blank sheets of paper. [1] [self-published source] A victim, sensing huge profits and untroubled by ethical implications, would buy the machine for a high price—from $25,000 to $102,000. [1]

  3. Online shopping - Wikipedia

    en.wikipedia.org/wiki/Online_shopping

    Shipping costs (if applicable) reduce the price advantage of online merchandise, though depending on the jurisdiction, a lack of sales tax may compensate for this. Shipping a small number of items, especially from another country, is much more expensive than making the larger shipments bricks-and-mortar retailers order.

  4. Unique bid auction - Wikipedia

    en.wikipedia.org/wiki/Unique_bid_auction

    In a lowest unique bid auction, the bidder who submitted the single bid of $0.06 would win the auction, and would be eligible to purchase the product or service for $0.06, because their bid was the lowest unique bid. In a highest unique bid auction, the bidder who submitted a bid of $0.09 would win the auction.

  5. Single-price auction - Wikipedia

    en.wikipedia.org/wiki/Single-price_auction

    Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived as modified Dutch auctions . This method has been used since 1992 when it debuted as an experiment of the U.S. Treasury for all auctions of 2-year and 5-year notes.

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