$8)$ Bargaining Power $($Part b$)$

Pete and Lisa are entering into a bargaining situation in which Pete stands to gain up to $$5,000$ and Lisa stands to gain up to $$1,000,$ provided they reach agreement. Who is likely to have the stronger bargaining position, all else equal?

$8)$ Bargaining Power $($Part b$)$

Pete and Lisa are entering into a bargaining situation in which Pete stands to gain up to $$5,000$ and Lisa stands to gain up to $$1,000,$ provided they reach agreement. Who is likely to have the stronger bargaining position, all else equal?

Pete

Lisa

These potential gains will have no impact on bargaining

They will be equally effective