Which of the Following Is True in a Competitive Procurement

Multiple Choice

Which of the following is true in a competitive procurement?

A) A lower price increases a supplier's chance of being selected but reduces its potential profit upon winning.
B) A lower price reduces a bidder's chance of winning as well as its potential profit.
C) A higher price increases a bidder's chance of winning as well as its potential profit.
D) A lower price reduces a supplier's chance of being selected but increases its potential profit.
E) A lower price increases a supplier's chance of being selected as well as raises its potential profit.