TO$2.$EO$1$b Given a DoD acquisition scenario, choose the requirements for soliciting competition.

Question $4$ of $24.$

You have a requirement for a purchase with an estimated value of $$8,700.$ Which one of the following describes the competition requirement for this acquisition?

Quotes must be solicited from all sources within the local trade area.

Quotes must be solicited from at least three sources.

There is no requirement for competition if the price is considered reasonable.

$$ The acquisition must utilize full and open competition.