2. Answer the following questions in the context of the Exxon Valdez case explained in Problem 1....

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2. Answer the following questions in the context of the Exxon Valdez case explained in Problem 1.

a) What is the bargaining rent?

b) What is the most either side should pay for the right to make a credible final offer?

c) If the defendant can make a credible

(non-sincerity rule) final offer, what should it be?

d) If the plaintiff makes a sincerity rule offer, what should it be?

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