William owns a car that he values at $3000. Jackson values the car at $5000. The negotiations between them for a potential trade are as follows: William offers a price to Jackson. If Jackson accepts, trade takes place at that price. If Jackson rejects no trade takes place. William keeps the car and Jackson gets a payoff of $0. What will the outcome be of the negotiation process? William suggests Jackson pay $4000 and Jackson accepts the deal. William suggests Jackson pay $8000 and Jackson accepts the deal. William suggests Jackson pay $3000 and Jackson accepts the deal. William suggests Jackson pay $5000 and Jackson accepts the deal. William suggests Jackson pay $3000 and Jackson rejects the deal. Chrissie owns a vintage guitar that she values at $0. Mark would like to buy the guitar and values it at $1000. The negotiations are as follows. Chrissie suggests a price to Mark. If Mark agrees trade takes place at the agreed price. If Mark rejects the offer, Mark buys an identical guitar from Angus for a price of $400 and Chrissie receives a payoff of $0. What is the outcome of the negotiations? Chrissie offers a price of $400 and Mark accepts Chrissie offers a price of $600 and Mark accepts. Chrissie offers a price of $1000 and Mark accepts Chrissie offers a price of $0 and Mark accepts Chrissie offers a price of $500 and Mark rejects