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2023-07-26 20:27:40 -

Understanding Auctions: Buying and Selling Through Bidding

An auction is a well-established method of buying and selling goods or services through a competitive bidding process. In this system, items or services are offered up for bids, and interested individuals, known as bidders, compete against each other to place higher bids. The item ultimately goes to the highest bidder, who takes possession of it after paying the winning bid...

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