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crs
Joined: May 16, 2005
# Posts: 8
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Posted: 2005-May-20 15:34
If position 1 is bidding $.30 - but really paying $.21 because position 2 is bidding $.20, then for a new bidder to get to position 1, one must bid $.31 even though the current position 1 is only paying $.21. Is that right?
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flyingrose
Staff
Joined: Oct 30, 2003
# Posts: 3361
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Posted: 2005-May-20 22:47
Yes, that is correct. And as soon as you bid $.31 the bidder formerly paying $.21 to be in position one is now paying $.21 to be in position two.
If you bid $.29 or $.30 instead, the bidder who was getting position one for $.21 would than be paying $.30 for it.
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