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Reverse Auctions

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Epiphany74 | 14:16 Sat 02nd Dec 2006 | Quizzes & Puzzles
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Is there a method, formula or some way to best judge the lowest unique bid needed to win a reverse auction? Of course, I know nothing could be foolproof, but is there research on the subject or has someone recorded the most common bids and those most infrequently offered?
  
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