👉 The term "counterbid" refers to an offer made by a bidder that is in competition with another bidder for the same or similar goods or services. The purpose of this bid is to secure the right to purchase those goods or services from the original bidder, and it can also serve as a way to negotiate better terms than the original bid. In general, a counterbid is considered "incongruent" if it is made by someone who has already offered an offer that is in competition with
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