Examlex
What is the objective of performing a market-basket analysis?
English Auction
A public sale where items are sold to the highest bidder, with bids openly increasing in value.
Reserve Price
The reserve price is the minimum price a seller is willing to accept for an item in an auction.
English Auction
An English auction is a common type of auction where bidders openly bid against each other, with each subsequent bid higher than the previous one, until the highest bid is reached, and the item is sold to the highest bidder.
Reservation Price
The highest amount of money a buyer is comfortable spending on a product or service, representing their limit before withdrawing from a transaction.
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