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Whether Baumrind's parenting styles apply to non-American cultures is an open question.
High-value Bidders
Individuals or entities willing to offer significantly higher prices in auctions, typically due to the perceived value of the item or contract.
Low-value Bidders
Participants in an auction or competitive process who offer significantly lower bids compared to others.
Bid-rigging Cartel
A group of firms that illegally coordinate their bids to control market prices and eliminate competition in auctions or tender processes.
Winning Bid
The highest offer made in an auction that secures the purchase of the item or service.
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