Examlex
Suppose you administer a survey about sexual activity to married couples who are either African American, Hispanic, or white. What results should you expect, if these couples' responses reflect population trends in the U.S. today?
Second-Price Auction
An auction format in which the highest bidder wins but pays the second-highest bid price, encouraging bidders to bid their true value.
English Auction
A type of auction where the price starts low and is bid up by participants until no higher bids are made, and the highest bidder wins.
Highest Bidder
Refers to the participant in an auction who offers the largest amount of money for an item or service.
High-value Bidders
Participants in an auction who are willing and able to place significantly large bids on items or assets, reflecting their high valuation.
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