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Rajiv and Natalie met at a fraternity party and engaged in small talk. The next day, Rajiv friended Natalie on Facebook and texted her to ask her on a date. How would you classify their interactions with respect to types of communication used so far in their relationship?
True Values
The actual, inherent worth or validity of something, often contrasted with perceived or estimated values.
Selling Price
The amount of money a buyer pays to acquire a product or service from a seller.
Vickery Auction
An auction model wherein bidders submit sealed bids, the highest bidder wins but pays the price offered by the second-highest bid, promoting truthful bidding.
Optimal Strategy
The best possible plan of action to achieve a specific goal or to maximize efficiency or effectiveness in a given situation.
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