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English Auction
A type of auction where bidders publicly submit higher and higher bids, with the highest bidder winning the item.
Rational Self-Interest
The principle that individuals will make decisions that benefit themselves, assuming they have all necessary information and make rational choices.
Values
Fundamental beliefs or standards of an individual or society guiding behavior and decision-making.
Sold
The process whereby an item, service, or asset is exchanged for money or other consideration, resulting in a transfer of ownership.
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