Consider a simultaneous move game between a union and a company. If both the parties...
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Accounting
Consider a simultaneous move game between a union and a company. If both the parties bargain hard, each would gain nothing. If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million, while if they both accommodate, they each get $3 million.
Could either party do better?
a.
Yes, both parties can do better without hurting each other if they cooperated
b.
Yes, one party can do better, but only at the expense of the other
c.
No, neither party can do better
d.
No, each party has its best possible outcome
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