1. Jane operates a small IT consulting firm. Her company supplies services to a Fortune 500 company, Megacorp, through a regular contract. She estimates the costs of completing assignments for this company and tracks the costs of completing the various jobs. She finds that her estimates are generally on target-sometimes she is a bit high; sometimes a bit low. On average her estimated costs of completing work for her client match the actual costs. Megacorp reduces the number of assignments made to Jane's company and Jane decides to bid for new assignments with other clients. Jane wins bids to provide IT consulting services to three new clients and finds that her estimated costs of completing the jobs are well below the actual costs of completing the jobs. Please use auction concepts to explain this outcome. Briefly explain. (Hint: The correct answer to this question is much shorter than the question itself.)