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A real estate agency's policy is to start all sales commission negotiations at 6%. However, the agency is willing to accept sales commissions as low
A real estate agency's policy is to start all sales commission negotiations at 6%. However, the agency is willing to accept sales commissions as low as 5%. The scenario above is an example of which principle? Consumer plus, deadweight loss, producer surplus, or ceteris paribus.
Explain reason for correct option. I will upvote.
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