Pete and lisa are entering into a bargaining situation in, Econometrics

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Pete and lisa are entering into a bargaining situation in

Pete and Lisa are entering into a bargaining situation in which Pete stands to gain up to $5,000 and Lisa stands to gain up to $1,000, provided they reach agreement. Who is likely to be the better bargainer?

a. Pete

b. Lisa

c. They will be equally effective.

d. These potential gains will have no impact on bargaining.

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Econometrics: Pete and lisa are entering into a bargaining situation in

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