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MATCHING Match Each Person with One of the Descriptions Below

question 42

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MATCHING
Match each person with one of the descriptions below.
-James Oliver


Definitions:

Reservation Price

The maximum price a consumer is willing to pay for a good or service.

English Auction

A method of sale consisting of public bidding where the price ascends, and the highest bid wins the item.

Bid

An offer of a price by a buyer to a seller for goods, services, or financial assets.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

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