Consider the wage negotiations between Cricket Australia (CA) and the union that represents the players. Assume that Cricket Australia and the union are bargaining over how much of a $200 surplus will be split. Suppose that the union moves rst and suggests an offer p. CA may accept or reject the offer. If the offer is accepted the union gets p and the CA gets 200 - p. If the offer is rejected, CA will now make an offer q for which the union may accept or reject. If the offer q is accepted the Union gets q and CA gets 200 - q. If offer q is rejected, both parties get 0. Assume that the possible offers to be made are $1, $100 or $199. What is payoff for the Union in the subgame perfect equilibrium of this bargaining scenario? Consider a bargain situation between two parties. Getting to make the first offer always increases a party's bargaining power and payoff O True False