Examlex
Evaluate the determinant.
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Bid-Rigging Cartel
An illegal agreement among competitors to fix bidding prices, eliminating competition in the market.
Winning Bid
refers to the highest offer made in an auction that is accepted by the seller, resulting in a sale.
Bidders Values
The subjective valuation individual bidders place on the item or service being auctioned.
Low-Value
Referring to items or activities that offer minimal benefits or importance.
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