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Table 1Illustration of the transformation
Fig. 1.Illustration of the notation.
Fig. 2.Ž .a The bidding curve of Proposition 2. b The relative mark-up for the bidding in a .Ž .Ž.Ž .
Fig. 3.Ž .a The effect of the number of firms. b The number of firms and the mark-ups.Ž .
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