Examlex
________ has the potential to become the newest BEM, but its development will depend on government action and external investment by other governments and multinational firms.
English Auction
A type of auction in which prices start low and bid up by participants until no higher bids are offered.
Willingness To Pay
The maximum amount an individual is prepared to spend to acquire a good or service or avoid something undesirable.
Expected Revenue
The average amount of money a company anticipates receiving over a specific period based on probable sales or services provided.
Probability
A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1.
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