Bidding Strategy

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"Bidding up" means rising a price for an item by a series of rising bids. It may be unlawful, if done by a group of persons with an interest in rising the price.  In traditional auctions, bidding up is a natural course of events. Since 1990s, with the emergence of online gained popularity, in which the traditional roles of buyers and sellers are reversed, and the goal of bidding is to drive the price down, similar tobid shopping practice of selecting a contractor to do a job

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