Question: Which of the statement / s below is / are correct: A pareto - efficient agreement is . . . a ) an agreement is
Which of the statements below isare correct:
A paretoefficient agreement is
a an agreement is reached in which both parties reach their aspiration level.
b there is no other agreement that would make any party better off without decreasing the outcomes of any other party.
c the agreement reached falls within the positive bargaining zone.
d the agreement is reached only after parties have exhausted all possible alternatives.
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