Undercutting is the natural order of the economy. Ultimately, there's a finite number of buyers on a given realm. Marking down products easily makes the difference between taking a slight loss on profit and your auction expiring leaving you empty handed.

I just wish people would undercut by significant amounts. Anything less than a gold is dishonest. If you're offering a product and placing it as though it were a better value, at least list a noticeable difference between the previous bidder. I undercut people all the time, but I do so by about 5-10% instead of a few useless copper. What's better for the consumer? "Buy 30 of my items and you can send a letter for the money you saved.", or "Buy 30 of my items and you can pick up a stack of potions for your raid with the money you saved." I know this is just semantics and I know it's utterly futile in the grand scheme of things, but I take pride in the fact that my items are a genuine value yet I still make enough to put the monopoly guy to shame.

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