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It Is March and Ozzie Wants to Purchase Harriet's Season

Question 48

Multiple Choice

It is March and Ozzie wants to purchase Harriet's season tickets to Boston Red Sox games. Ozzie is willing to pay up to $4,000 for the tickets. Harriet will accept no less than $3,000. Suppose that any failure to reach an agreement reduces Ozzie's and Harriet's gain by 20 percent. If there is no limit to the number of negotiating rounds, what percentage of the surplus should Harriet receive?


A) Around 72 percent.
B) Around 64 percent.
C) Around 56 percent.
D) Around 44 percent.
E) Around 32 percent.

Correct Answer:

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