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Hicks Model of Bargaining

The John Hick’s bargaining model recommends that the union wage demands and a firm's wage provide: (i) Might be so distinct that the management hires scabs. (ii) Are non-negotiable in the competitive environment. (iii) Become identical as the duration of strike grows longer. (iv) Based on the relative skills of negotiating teams.

What is the right answer?

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