This term is associated with the winning bidder obtains an unprofitable contract that she or he is duty-bound to deliver because their bid price was set so low so that they won the contract.
A) Winner's curse.
B) Bidding curse.
C) Pitch chase.
D) Black bid.

Question

Quizplus · Accepted Answer

The term "Winner's curse" refers to the phenomenon where the winning bidder in an auction ends up regretting the win because the bid price was too low, leading to an unprofitable contract. This occurs when the winner overestimates the value of the item or underestimates the costs involved in fulfilling the contract.

This Term Is Associated with the Winning Bidder Obtains an Unprofitable