Unless you accept his 'final offer' your negotiation opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal
b. His threat is more believable if he has invested resources that lower his return to other options
c. His threat is more believable if he puts his threat 'in writing'
d. His threat is more believable if he has balked at this course of action in the past
b
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Consider a system in which a person earning $10,000 pays $1,000 in taxes, a person earning $25,000 pays $1,000 in taxes and a person earning $60,000 pays $1,000 in taxes. What type of tax is this?
a. progressive b. proportional c. regressive d. transgressive e. unfair
In a competitive labor market, the change in total labor costs divided by the change in labor is always equal to:
a. one. b. the wage rate. c. the number of firms in the market. d. the change in total revenue. e. the competitive market price of the output.