Scenario 13.1
You are negotiating with your florist over the price of flowers for your wedding. You value the floral arrangements at $500. The florist's cost for the arrangement is $200. You finally settled on a price of $250.
-Refer to Scenario 13.1. Your negotiations are an example of:
A) a noncooperative game.
B) a cooperative game.
C) a constant sum game.
D) a competitive game.
E) both B and C

Question

Quizplus · Accepted Answer

Both B and C are correct because the negotiations are cooperative (both parties are trying to reach an agreement) and the game is constant sum (the total value of the flowers is fixed at $500).

Scenario 13.1 You Are Negotiating with Your Florist Over the Price of Price