The Local Government Is Holding an Auction for a Contract

Multiple Choice

The local government is holding an auction for a contract to build a new multi- deck parking lot downtown. If the government has a policy to release its own cost estimates of the work to the auction participants, the participants will have ________ confidence in their own cost estimates and will submit_______ bids.

A) less; more
B) more; higher
C) more; lower
D) less; lower