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A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for some goods. It is usually referred to simply as the "bid". In bid and ask, the bid price stands in contrast to the ask price or "offer", and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or ...
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand.
As long as they are pushing it up towards the reserve price, then it is not an issue. If you don't want to bid at the price the auctioneer is asking, don't bid. If the goods don't meet the reserve and no-one but you wants to buy, then if the auctioneer didn't bid off the wall to meet the required price, the goods wouldn't be sold anyway.
A whole set of prices prevail in such an economy. Goods and services are available at a price because it involves cost in producing these goods and services. Consumers have to pay some prices if they want to buy some goods like food, clothes, etc. Producers are willing to sell goods and services only if they get the appropriate price. 2.
Bidding fee auction, a variation of all-pay auction, also known as a penny auction, often requires that each participant must pay a fixed price to place each bid, typically one penny (hence the name) higher than the current bid. When an auction's time period expires, the highest bidder wins the item and must pay a final bid price. [66]
Here’s what each rating means: Buy: ... (buy, sell, hold) and a 12-month price target. ... A lower P/E ratio relative to similar companies may cause an analyst to upgrade a stock due to its ...
Often in official use of these two terms, a "bid" supposes the limits or scope of work is similar, and usually the lowest bid is awarded work, especially in government contracts. Proposals mean the entity is fully aware of the details and that the scope of work may vary, and the work is awarded to the best "plan" rather than simply the lowest ...
Bid, in a financial market, the price a market maker will buy a commodity at to buy a product in such a way; see bid–ask spread; Bid manager, an executive sales role within an organization, responsible for managing bids; Bid price, a price offered for a good by a potential buyer or a price offered by a potential vendor to perform a specific job