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Jack tells Mike, I ' d like to buy your boat for $ 1 0 0 , 0 0 0 . Mike, in

Jack tells Mike, "I'd like to buy your boat for $100,000." Mike, in response, says, "that's too cheap. I'll sell you my boat for $150,000." Mike's statement is a _____________ and a ___________.Question 5 options:refusal; new offerrefusal; rejectionrejection; new offerrejection; valid offerrejection; counter-offer

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