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Predict the direction in which the equilibrium will lie for the reaction H2SO3(aq) + HCO3- (aq) HSO3-(aq) + H2CO3(aq) .Ka1(H2SO3) = 1* 10-2; Ka1(H2CO3) = 4.2 * 10-7
Bid-Rigging
A form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid.
First-Price Auctions
An auction format in which the highest bidder wins and pays the amount of their bid.
Highest Bid
The largest amount of money offered in a competitive process, such as an auction, for the purchase of goods or services.
Second Highest Bid
In an auction, the bid amount that is the next highest after the winning or highest bid.
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