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Mary is willing to pay $50 for a Christmas tree,John is willing to pay $45 and Jeff is willing to pay $40.The price of a tree is $40.The total consumer surplus for Mary,John and Jeff taken together is
Mediation
A method of outside resolution of labor and management differences in which the third party’s role is to suggest or propose a solution to the problem.
Conciliation
A method of outside resolution of labor and management differences in which a third party is brought in to keep the two sides talking.
Suggest
To propose or put forward for consideration an idea, plan, or action.
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