The best competing bid distribution curve is useful for a bidding firm because it:
A) estimates the competitors' reservation prices.
B) precisely measures the firm's own winning chances for its various bids.
C) estimates the probability that a competitor will follow a particular bid strategy.
D) measures the risks associated with a particular bid.
E) measures the profit derived from the winner's final bid.

Question

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The Answer of The best competing bid distribution curve is useful for a bidding firm because it:
A) estimates the competitors' reservation prices.
B) precisely measures the firm's own winning chances for its various bids.
C) estimates the probability that a competitor will follow a particular bid strategy.
D) measures the risks associated with a particular bid.
E) measures the profit derived from the winner's final bid.

The Best Competing Bid Distribution Curve Is Useful for a Bidding