Examlex
Name two countries where the US did not intervene to protect the populations from Communist aggression during the Cold War
Private-Values
The individual valuation of an item or asset that varies from person to person, usually in the context of auctions or bidding scenarios.
Vickrey Auction
A type of sealed-bid auction where bidders submit written bids without knowing the bid of the other people in the auction and the highest bidder wins, but the price paid is the second-highest bid.
True Valuation
The actual worth of a good or service to an individual, reflecting the maximum amount they are willing to pay to acquire it.
English Auction
A common type of auction where participants openly bid against one another, with the price gradually increasing until only the highest bidder remains.