Examlex
The figure below shows that ________.
Bidders
Individuals or entities that offer to pay a specific price for goods, services, or assets, often in the context of an auction.
Bid-rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process.
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.
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