Question
a) In this hypothetical scenario a buyer has a reservation point of 100 and the seller has a reservation point of 150. What is the
a) In this hypothetical scenario a buyer has a reservation point of 100 and the seller has a reservation point of 150. What is the size of the economic surplus in this negotiation?
(b) What is the best possible outcome in the above negotiation? In your analysis you can assume that all other parameters are neutral.
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The Americans An Economic Record An Economic Record
Authors: Stanley Lebergott
1st Edition
0393953114, 9780393953114
