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The diagram below is a case of ZOPA for a negotiated artwork. Analyse and describe the entire negotiation settlement process. (20 marks) ZOPA Gain By

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The diagram below is a case of ZOPA for a negotiated artwork. Analyse and describe the entire negotiation settlement process. (20 marks) ZOPA Gain By Seller Gain Buyers 1 11,000 12,000 12,500 b Seller's Opening Offer 10,000 s 7,500 8,000 9,000 Buyers Opening Offer X = $10,000 = Final Negotiated Price The diagram below is a case of ZOPA for a negotiated artwork. Analyse and describe the entire negotiation settlement process. (20 marks) ZOPA Gain By Seller Gain Buyers 1 11,000 12,000 12,500 b Seller's Opening Offer 10,000 s 7,500 8,000 9,000 Buyers Opening Offer X = $10,000 = Final Negotiated Price

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