Read the words or phrases and their explanations. Then complete the following paragraph with the words or phrases. Change the form when necessary.1. marketplace: the arena of commercial dealings 2. exchange: togive or receive one thing in place of another 3. auction: a public meeting where land, buildings, paintings, etc. are sold to the person who offers the most money for them 4. bid: an offer to pay a particular price for something, especially at an auction5. demand: the need or desire that people have for particular goods and services 6. supply: an amount of something that is available to be used 7. negotiation: official discussions between the representatives of opposing groups who are trying to reach an agreement, especially in business or politics 8. price setting: the process of coming up with a cost to consumers of the goods or services produced by a business 9. e-commerce: (electronic commerce) the activity of buying and selling goods and services and doing other business activities using a computer and the Internet 10. B2B: (business to business) business activities between companies, especially using the InternetThe ______A____ brings together the buyers and sellers of goods and services and provides a framework for ____B_____ and _____C______ . The price at which goods and services are____D_____ on a market fluctuates with___E___ _ -the quantity available for sale and ___F_____-the number of buyers. There are different types of markets which do not always have physical locations. Today, new electronic marketplaces have emerged on the Internet where businesses can sell direct to consumers Gor to other businesses H. Some markets of this type use _____I_____ where buyers submit __J___ and the highest bidder wins.