Examlex
________ stereotyping occurs when an officer's expectations to see one thing are so set that the officer fails to perceive the event accurately.
Cartels
An agreement among competing firms to control prices or exclude entry of a new competitor in a market.
Winning Bidders
The individuals or entities that offer the highest bid in an auction and are subsequently awarded the item or contract.
Winner's Curse
A situation in which the winner of an auction ultimately overpays or incurs a loss because of overly optimistic valuation of the asset bid on.
Optimistic Estimate
A projection or forecast that assumes the most favorable conditions and outcomes for a given situation.
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