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Suppose we have the following payoffs. Management is the first number and labor is the second number. Suppose Management moves first. What are the optimal

Suppose we have the following payoffs.

Management is the first number and labor is the second number.

Suppose Management moves first. What are the optimal strategies?

Labor

Bargain Hard

Accommodate

Bargain Hard

10, 10

125, 75

Management

Accommodate

75, 125

100, 100

Management

Labor

a

Bargain Hard

Bargain Hard

b

Bargain Hard

Accommodate

c

Accommodate

Bargain Hard

d

Accommodate

Accommodate

Answer

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