Examlex
Write the converse, inverse, or contrapositive of the statement as requested.
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Contrapositive
(Use one of De Morgan's laws)
Cartels
An agreement among competing firms to control prices or exclude entry of a new competitor in a market.
Winning Bidders
The individuals or entities that offer the highest bid in an auction and are subsequently awarded the item or contract.
Winner's Curse
A situation in which the winner of an auction ultimately overpays or incurs a loss because of overly optimistic valuation of the asset bid on.
Optimistic Estimate
A projection or forecast that assumes the most favorable conditions and outcomes for a given situation.
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