Examlex
Which auctioned good is more likely to have different private values across potential bidders?
Mark-up
The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost price.
Breakeven
A financial situation where revenue equals costs, resulting in neither profit nor loss.
Mark-up
The margin calculated by subtracting the cost of a product or service from its sale price, then dividing by the cost, expressed as a percentage.
Retail Price
The price at which goods are sold to the public, typically higher than the wholesale price.
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