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Expected Price
The price level that purchasers or sellers anticipate a good or service will have in the future.
Oral Auction
A type of auction where bids are made verbally in the presence of an auctioneer and other bidders.
Bidders
Individuals or entities that offer a specific price for goods, services, or assets, typically in the context of auctions or tendering processes.
Expected Price
The price level that consumers, investors, or businesses predict or assume will prevail in the future based on current information.
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