underbid

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Even in a perfectly competitive environment with free entry, no other firm will opt to under-bid this contract, as not only the desired low-risk individuals will choose this new contract, but also the undesired high-risk individuals, which will lead to negative expected profits.
The company under-bid IBM and Compaq to set up HP Vectras, the school's biggest purchase at about $300,000.
Without SLIM, Heuristic would have under-bid the project and missed deadlines trying to complete a project with unrealistic constraints.