1. In efficient bargaining model, outcomes yield higher levels of employment than the firm would choose on its own.At a given wage, the firm is overstaffed (for example, airlines only need 2 pilots to fly an airplane but end up hiring 3 pilots).Are efficient bargaining outcomes profit-maximizing for the firm?Are efficient bargaining outcomes stable? Explain.

2.The efficient bargaining implies that the negative relationship between wage and employment need not hold.True, false, or uncertain?Why? points)