Examlex
Draft sequences have
Oral Auction
In this auction type, bidders submit increasing bids until only one bidder remains. The item is awarded to the last remaining bidder.
Oral Auction
An auction conducted by an auctioneer who calls out prices of items for which participants physically present place bids verbally.
Expected Selling Price
The price at which a seller anticipates being able to sell a product or service.
Bid Shade
Bid shading is the strategy of offering a lower bid than what you're actually willing to pay, often used in auctions or competitive bidding scenarios.
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