Keeping Bid Increments Low Both Decreases the Number of Bidders

question 64

True/False

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

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Definitions:

Natural Selection

A mechanism of evolution posited by Charles Darwin, where organisms better adapted to their environment tend to survive and produce more offspring.

Predation

A biological interaction where one organism, the predator, hunts and consumes another organism, the prey, for food.

Proportionately

In a way that keeps a correct or appropriate relationship in size, amount, or degree between parts of a whole.

Average Size

A statistical measure that summarizes the central tendency of the size dimensions of a given set of objects or beings.