Business, 21.04.2020 15:46, anniekwilbourne

Consider a simultaneous move game between a union and a company. If both the parties bargain hard, cach would gain nothing. If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million, while if they both accommodate, they each get $3 million. What would be the Nash equilibrium of this game? Oa Bargain hard, bargain hard Ob. Firm bargains hard, union accommodates OC. Union bargains hard, firm accommodates Od Both B&C

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Consider a simultaneous move game between a union and a company. If both the parties bargain hard, c...