Ompetition in the online auction industry

The following questions should be addressed fully and concisely in question/answer format. The essay should be 12 point, Times Roman Font and double spaced.

1. What is competition like in the online auction industry? How does it compare to competition in the more general e-tailing segment? What do we learn about the nature and strength of the competitive pressures EBay faces from doing a five-forces analysis of each segment?

2. What is the competitive arena in online auctions? How does this compare to the competitive arena of general e-tailing?