Examlex
In what ways do the teachings of Confucius pertain to society at large as well as to individual lives?
Cartels
Formal agreements among competing firms to control prices or output in a particular market, often to monopolize a market.
Auctions
A sales event where goods or services are sold to the highest bidder in a competitive process.
Bid-rigging
A form of fraud where competing parties conspire to determine the winner of a bidding process, undermining fairness.
Vickery Auctions
An auction format where the highest bidder wins but pays the second-highest bid, encouraging true value bidding.
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