Determine whether the price appears to be reasonable

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Reference no: EM133670201

Question: You solicited prices from 20 firms and 15 firms submitted bids. Each firm offered on a product that is that it produces in accordance with the commercial standard used in the solicitation. The low offer totals 125,000 and several offer other offers are within $5,000. Determine whether the price appears to be reasonable based on the information provided

Reference no: EM133670201

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