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Market Mechanisms
Market Mechanisms
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Definitions
English Auction
English Auction
Auction
Economics
Market Mechanisms
An auction where the auctioneer starts with a low price and keeps taking higher bids until there are no more bids, selling the item to the highest bidder.
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Definitions
Auction: Definition and Meaning
Auction
Economic Terms
Bidding
Market Mechanisms
An overview of auctions, their types, and how prices are determined through bidding mechanisms.
Read more about Auction: Definition and Meaning.
Definitions
First-Price Auction
Auction Theory
Auctions
Market Mechanisms
Economics
An auction format where sealed bids are submitted, and the highest bidder wins the item at their bid price.
Read more about First-Price Auction.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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