Which of the following is the core difficulty for companies involved in "competitive bidding"?
A)Leads to price inflation
B)May have to guess where their competitors' prices are set
C)Competitors may price fix, setting up a cartel to control prices
D)All of the above

Question

Quizplus · Accepted Answer

The core difficulty in competitive bidding is that companies often have to guess where their competitors' prices are set, as they do not have direct access to this information. This uncertainty can make it challenging to set their own bids competitively.

Which of the Following Is the Core Difficulty for Companies