Examlex
The trichromatic theory of color vision applies to the retina, where three different types of cone have been found with each cone containing a different type of
Low-value
Pertaining to items or services that are considered to have less worth or importance, often reflected in their low cost.
Second-Price Auction
An auction format in which the highest bidder wins but pays the second-highest bid price, encouraging bidders to bid their true value.
English Auction
A type of auction where the price starts low and is bid up by participants until no higher bids are made, and the highest bidder wins.
Highest Bidder
Refers to the participant in an auction who offers the largest amount of money for an item or service.
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