Principles of Information Systems (MindTap Course List)
Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 8.3, Problem 1DQ
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MercadoLibre:

  • MercadoLibre is the Spanish name of an online sale and e-commerce marketplace based in Buenos Aires, Argentina.
  • It was originated by Marcos Galperin and Hernan Kazah.
  • It was established in the United States in 1999.
  • The name means free market.

Explanation of Solution

Justification:

No”, the market cannot have the above conditions prior to MercadoLibre launch. The market has these ideal conditions after the launch of MercadoLibre.

Reason:

  • MercadoLibre is purchase of n...

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