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Match the term in the numbered column with the answer in the lettered column.Match the federal agencies with the department they fall under.
-Secret Service,US Coast Guard,US Customs and Border Protection
Second-Price Auction
An auction format in which the highest bidder wins, but pays the price bid by the second-highest bidder.
Optimal Bidding Strategy
A method or plan designed to win at an auction or in a competitive context, maximizing the chance of success while minimizing costs.
True Value
The actual, inherent worth of an asset, without distortion from market factors or perceptions.
Bid-rigging
A fraudulent scheme where businesses collude to control the bidding process, often at the expense of fairness.
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