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I think there were some problems with the contest and the answers. I was under the impression that the highest bid chosen will be the one closest to the value, or that our total points will be pitted against each other, with the best gain in each item as the winner.
What ended up happening was the highest bidder won and they all went over the value. The highest bids in 2,3,9,12 were extremely funny since they went over the maximum, and by a lot. I would have assumed those bids should have been voided.
RE: Economics Contest 2024: Auction Results