A Generalized First-Price Auction (GFPA) is a type of auction mechanism in which multiple items or a single item can be sold to one or more bidders, and the key feature of this auction format is that the highest bidder(s) pays the amount of their bid in order to win. In this auction system, all bidders submit their sealed bids without knowing the bids of other participants, and then the bids are revealed at the end of the auction.
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