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Level 17
· ◆◆◆◆ · ~12 min
When the Assumptions Break
When the Assumptions Break
"Collusion, budget limits, multiple lots and entry deterrence — the failures that make real auction design hard and cost real money when ignored."
bidding rings and collusionwhy open formats stabilise ringsbudget constraintsmulti-unit auctions and the exposure problementry deterrence and participation costs
A short lesson, then a quiz. ❤️×3 — a wrong answer costs a heart; finish with at least one left and the level is yours. Lose all three and you'll have to try again. Replay any time — XP and cleared levels are never lost.