What happens when parties have divergent expectations of the outcome wage?

Question

Quizplus · Accepted Answer

When parties have divergent expectations of the outcome wage, they may reach a point where the expected outcome of negotiations is worse than no agreement at all. This is known as the "no contract zone" and can lead to a breakdown in negotiations and potential strikes or lockouts. The other options (A, C, and D) are not directly related to this situation.

What Happens When Parties Have Divergent Expectations of the Outcome