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Prominent research on the small firm effect has been done by:
Fewer Bidders
a situation in auctions or competitive environments where there is a reduced number of participants bidding for the same item or contract.
Common-value Auction
An auction format where the item for sale has the same value for everyone but the bidders have different information about that value.
Exact Value
Precise numerical value without approximation, representing the true measure or count of something.
Bidders
Individuals or entities that offer a specific price for goods, services, or assets in auctions or competitive tenders.
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