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

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

Quizplus · Accepted Answer

When bid increments are low, it allows more bidders to participate without feeling like they need to submit a significantly higher bid. This increases competition and the frequency of bids, leading to potentially higher final auction prices.

Keeping Bid Increments Low Increases the Number of Bidders and the Frequency