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Seller can produce a good with MC = $46. The buyer's WTP is $122. Discount factor is 0.9 (break-down prob= 10%. Buyer makes the first
Seller can produce a good with MC = $46. The buyer's WTP is $122. Discount factor is 0.9 (break-down prob= 10%. Buyer makes the first offer, and then the two negotiators alternate. What is the optimal price offer by the buyer
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