A seller's reservation price in bargaining is:
A) The minimum price that a buyer is willing to pay.
B) The maximum price that a seller is willing to pay.
C) The minimum price that a seller is willing to accept.
D) The maximum price that a buyer is willing to accept.

Question

Quizplus · Accepted Answer

The seller's reservation price is the lowest price at which they are willing to sell a good or service, essentially the minimum price they are willing to accept.

A Seller's Reservation Price in Bargaining Is