Examlex
What is the danger about making assumptions to predict the other party's negotiating behavior?
Damage
Harm or injury to property, persons, or the economy, which can be quantified in financial terms and may require compensation.
Supply-Side Market Failure
A situation where the production of a good or service results in unaccounted external costs, leading to overproduction and inefficiencies in the market.
Net Benefit
The total positive outcomes minus the total costs associated with a decision or action.
Society's Perspective
A viewpoint considering the collective interests, welfare, and impact on the wider community or society as a whole.
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