Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Alber

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answerhappygod
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Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a ticket is $20. Alber

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Albert has won two tickets in a raffle to see the latest movieat the cinema. The market price of a ticket is $20. Albert has nofriends or family living near by, so he would only be using oneticket. He mentions this to an acquaintance at work, Rashid. Rashidthinks to himself that he would like to see the movie. He startshaggling with Albert over the purchase of the remaining ticket.Assuming that both Albert and Rashid are rational, self-interestedpeople, what price will they eventually agree on? Explain youranswer.
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