Examlex
Simplify the complex fraction.
Auctions
A public sale process where goods or services are sold to the highest bidder.
Common-value Auction
An auction format where the item for sale is of the same value to all bidders, but the bidders may have different information about the item's actual value.
Oral Auctions
Competitive bidding events where bids are made verbally in real-time, often conducted by an auctioneer.
Withhold Information
The act of intentionally not sharing information that could be relevant or necessary.
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