Examlex
What factors helped Sargon and Hammurabi create some of the first empires?
Knockout Auctions
Auctions where bidders are eliminated progressively as the bid value increases until only the highest bidder remains.
Amnesty
A governmental act of pardoning a group or class of individuals from legal penalties, typically for political offenses, as part of a reconciliation process.
Bid-Rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process, undermining the competitiveness of the process.
Collusive Agreement
An arrangement where businesses conspire to fix prices, limit supplies, or divide markets, often to restrict competition.
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