For the following question
Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million.
-If the union leader has already sent strikers to the picket line before entering negotiations,the union has
A)Eliminated half of the strategies of the game
B)Forced the firm to choose the best response in the union's best interest
C)Made it in the firm's best interest to accommodate their requests
D)All of the above

Question

​For the following question
Consider a simultaneous move game between a union and a company.If both the parties bargain hard,each would gain nothing.If only one party bargains hard the accommodating party gets a profit of $1 million while the bargaining party gets a $5 million,while if they both accommodate,they each get $3 million.
-​If the union leader has already sent strikers to the picket line before entering negotiations,the union has
A)​Eliminated half of the strategies of the game
B)Forced the firm to choose the best response in the union's best interest
C)Made it in the firm's best interest to accommodate their requests
D)​All of the above

Quizplus · Accepted Answer

Sending strikers to the picket line before negotiations can be seen as a strategic move by the union to commit to bargaining hard. This action could eliminate the union's accommodating strategy, forcing the firm to choose its best response under the new circumstances, which may align more closely with the union's interests, potentially making it in the firm's best interest to accommodate the union's requests to avoid mutual losses.

​For the Following Question

For the Following Question