Chrissie owns a vintage guitar that she values at $0. Mark would like to buy the guitar and values it at $1000. The negotiations are as follows. Mark offers a price to Chrissie. If Chrissie agrees trade takes place at the agreed price. If Chrissie rejects the offer, Mark buys an identical guitar from Angus for a price of $400 and Chrissie receives a payoff of $0. What is the outcome of the negotiations? Mark offers a price of $400 and Chrissie accepts O Mark offers a price of $600 and Chrissie accepts. Mark offers a price of $1000 and Chrissie accepts Mark offers a price of $0 and Chrissie accepts Mark offers a price of $500 and Chrissie rejects.

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