1. Suppose that I have a rare Picasso painting that you would like to own. You value the painting at $100,000 and I value the painting at $80,000. From an economic efficiency perspective, who should own the painting? Explain, using Bargaining Theory, how this transaction will come about. (6 Marks) 2. Suppose that in the absence of enforceable laws, I grow a vegetable garden with tomato plants. I have T amount of time to spend and I have three options