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https://www.coursehero.com/file/227648221/ME-week5docx/ 1. Every year, management and labor renegotiate a new employment contract by sending
their proposals to an arbitrator who chooses the best proposal (effectively giving one side
or the other $2 million). Each side can choose to hire, or not hire, an expensive labor lawyer
(at a cost of $400,000) who is effective at preparing the propo...