Is it possible to set the quotas per level?

I am at the location:

I see how I can choose a level and set the quotas for various post types.

I would love to create these settings for each level, similar to how one would set up the description details for each level.

However upon hovering over the "?" where you select a level it says:

Select the minimum level required to remove quotas. That confuses me. Am I only allowed to select one level as the cutoff point for the different quotas, or can I set the quotas for each level individually?