One possible source of inefficiency in bargaining is
A)that there are multiple Nash equilibria.
B)bounded irrationality.
C)that the Nash product may be indeterminant.
D)that the bargaining process takes time.

Question

Quizplus · Accepted Answer

The bargaining process taking time can lead to inefficiencies as it may delay reaching an agreement, causing potential losses or missed opportunities.

One Possible Source of Inefficiency in Bargaining Is