Examlex
A ______ is a law proposed by a state or locality for voters to approve or reject.
High-value Bidders
Participants in an auction or competitive bidding process who are willing to offer significantly higher prices for assets or goods compared to average bidders.
Winning Bid
The highest offer made in an auction that is accepted by the seller, resulting in a sale.
Oral Auction
A public sale where goods or services are sold to the highest bidder through verbal bids.
Second-Price Auction
See Vickrey auction.
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