Answer :
Final answer:
Priceline.com is an e-commerce platform that uses a reverse auction model, where sellers bid to provide goods or services, often seen in situations where buyers set the price they're willing to pay.
Explanation:
The e-commerce platform that uses a reverse auction model is Priceline.com. In a reverse auction, sellers compete to obtain business from the buyer, and prices will typically decrease over the bidding period. This is the opposite of a traditional auction, where buyers compete to obtain goods or services. An example is Priceline.com, where travelers set the price they want to pay for a hotel room and hotels bid to provide the room, thus effectively enabling a reverse auction model.
Learn more about the Reverse Auction Model here:
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