Keeping bid increments low decreases the number of bidders and lowers the frequency of their bids.

Name: Keeping bid increments low decreases the number of bidders and lowers the frequency of their bids.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Keeping bid increments low may actually encourage more bidders to participate and bid more frequently, as it reduces the perceived risk of overbidding and losing the auction. Higher bid increments may discourage bidders who are unwilling or unable to make large increases in their bids.

Keeping Bid Increments Low Decreases the Number of Bidders and Lowers