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Which of the following is only administered once a year?
Sealed-bid Auctions
Auctions in which all bidders simultaneously submit sealed bids to the auctioneer, with no bidder knowing the bid of any other participant.
Bid Rotation
A form of collusion in auction markets where participants take turns being the lowest bidder to ensure each wins a proportion of contracts over time.
Cartels
Organizations or associations of producers or suppliers formed to maintain prices at a high level and restrict competition.
Auctions
Competitive bidding processes where goods or services are sold to the highest bidder.
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