Multiple Choice
Use the following setup for question
Consider a non-strategic game between a firm and its union.The value to the firm of getting the workers back to work is $5 million.The union's agreement value to get back to work is $5 million.The firm can hire nonunion workers,"scabs",so their disagreement value is 1 million and the union members can find temporary employment elsewhere,making the unions disagreement value $2million.
-When buying a car from a dealership,to get the best bargain
A) Allow the dealership to make the first offer
B) Keep a cushion of bargaining space in the quoted price
C) Make a take it or leave it offer
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
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