Identify the correct statement from the following.

Question

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Good faith bargaining norms can vary depending on the type of transaction and the parties involved. For example, norms may differ in a labor negotiation versus a real estate transaction. Option A is incorrect as good faith bargaining can involve price adjustments based on changing circumstances. Option B is incorrect as misrepresenting costs would be a violation of good faith bargaining principles. Option C is incorrect as even in poker, there are norms of honesty and fair play that apply.

Identify the Correct Statement from the Following