Use the following to answer questions:
Figure: The Market for Yachts 
-(Figure: The Market for Yachts) Look at the figure The Market for Yachts. A quota of _____ will bring about the same price and output in the market for yachts as would an excise tax of $60,000.
Definitions:
Contract Zone
The range within which parties in a negotiation are willing to compromise and where an agreement can potentially be reached.
Interest-Based Bargaining
A negotiation strategy that focuses on collaboratively identifying underlying needs or interests to find mutually beneficial solutions.
Adversarial Bargaining
A negotiation process where parties have opposing interests and negotiate to reach a compromise.
Traditional Bargaining
The conventional process of negotiation between unions and employers focused primarily on wages, hours, and other basic working conditions.
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