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Meaning of auction theory | Babel Free

Noun CEFR B2

Definitions

An applied branch of economics, studying how bidders act in auction markets and how the features of such markets incentivize predictable outcomes.

uncountable

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

auction-goer auctionability Auctioned Auctioneer auctioneeress Auctioneers