Examlex
In object-oriented design, the nouns found in the problem specification can be used to select the operations in the program.
First-Price
Refers to an auction format in which the highest bid wins, and the winner pays the amount they bid.
Bid-Rigging
A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.
First-Price Auctions
An auction format in which the highest bidder wins and pays the amount of their bid.
Highest Bid
The largest amount of money offered in a competitive process, such as an auction, for the purchase of goods or services.
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