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…, operators are free to compete in the market provided that they have obtained One option is to introduce bidding on price per unit so that the franchise is awarded to the competitor willing to supply the service to As a rule, bidding in the form of lump sum payments should be based on known If, before franchising, the market has already been supplied by a public enterprise, the regulator/franchiser may decide that t The franchiser may choose to allow competitors to specify their bids in terms of more than one dimension—typically in terms o