Answer to Question #196500 in Economics for GAANAA ROBINSON

Question #196500

From a game theory perspective, how would you characterize the bargaining between a customer and a used car dealer in Ghana?



1
Expert's answer
2021-05-23T16:39:54-0400

The bargaining between a buyer and a dealer of used cars can be characterized as a zero-sum game, in which if one player gains, then the second player loses.


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