Which Statement Is Correct About the "Winner's Curse

Which statement is correct about the "winner's curse"?

A) Misstatements from the winner's curse are unintentional under-estimates or over-estimates.
B) Misstatements from the winner's curse result from the unavailability of correct information.
C) The winner's curse means a contract is usually awarded to the highest bidder.
D) The winner's curse means that a contract will tend to be awarded to the contractor who underestimates costs the most.

Correct Answer:

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