A high level description of an auction application is provided below. Read the description and answer the question that follows. Feel free to use your imagination to fill in specific details in case they are not provided or if you aren't familiar with the auction domain.
An auction application involves buyers, sellers, and other users. Buyers and sellers must have accounts in order to place bids, purchase items, create a new auction, or ship items. Other users may use the auction application to search for items or browse through categories.
An auction must be created for an item to be sold in a certain category. According to Wikipedia, an English auction "is the type of auction commonly used by the English auction houses like Sotheby's, Christie's, and Phillips. Participants bid openly against one another, with each bid being higher than the previous bid. The auction ends when no participant is willing to bid further (and the auction time is over), or when a pre-determined buy-out price is reached, at which point the highest bidder pays the price. The seller may set a reserve price and if the auction fails to have a bid equal to or higher than the reserve, the item remains unsold."
Question: Draw a state machine diagram showing the state of an auction (i.e., instance of the auction concept). Show the states starting from the initialization of an auction to its finalization. Show all the events and transitions, possible guard conditions, and actions (if needed).
Create a single PDF document, yourEID.pdf that contains the following: