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Identify/define and explain the significance of the following: David Lloyd George.
Bidders
individuals or entities that offer a price for goods, services, or assets in auctions or competitive bidding scenarios.
Common-value Auction
A type of auction where the item being sold holds the same worth to every participant, however, the participants might possess varying levels of knowledge regarding the true value of the item.
Releasing Information
The act of making certain data or facts available to the public or specific groups.
Auctioneer
A person or company that conducts auctions by accepting bids and declaring goods sold.
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