The ________ states that a distinctive solution exists for each bargaining situation.
A) substitutability axiom
B) symmetric bargaining principle
C) uniqueness axiom
D) Pareto-efficient frontier

Question

Quizplus · Accepted Answer

The uniqueness axiom states that there can only be one unique solution for each bargaining situation. This means that there cannot be multiple possibilities that result in the same outcome. It is a basic assumption in many bargaining models and helps to determine the fairness and efficiency of the solution. The other options (A, B, and D) are not directly related to the idea of a unique solution.

The ________ States That a Distinctive Solution Exists for Each