Microeconomics

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Microeconomic Article
The article from The Denver Post seeks to guide car buyers, and any other purchaser, over the issue of avoidance of negotiation. The paper brings into light the issues that customers ought to know concerning haggling and lack of it, by giving an example of a car in the buying arena with the tag indicating no haggle. The term means there is no negotiation hence the buyer has to pay the shown price. Although the example in the article is a car, the issue in the discussion can be in link with the buying of any other commodity. This perspective includes even the purchase of services because; there are services which entail negotiation, while others, even of the same caliber, come with no room for negotiation. It is the responsibility of the buyer to decide whether to buy from the negotiating arena or where there is no negotiation.
Illustration
The main issue in the article is haggling or lack of it thereof, with the purchase of an item. The concern is that; the buyer may not be sure whether the price indicated in the price, and which comes with the tag of no bargaining is a fair one. These sentiments are valid because; in microeconomic realms, the cutting point is in the buyer getting the right value for their money, whether there is negotiation or not. Just as there is a concern for the seller to get the right amount of money for the item of sale, the buyer too ought to get value. The article provides the advantage of the lack of haggling in the product with the tag.

When there is no negotiation, there is some comfort to some extent because; the buyer will not have to waste their time and energy engaging in the haggling. Nevertheless, there is a probability of the purchaser getting exploitation from the fixed price, hence the concern on whether the tag for no haggling should attract the buyer.
Negotiation, as shown in the diagram takes time as there are efforts of seeking a practical point that sees a transaction of business rather called working together in microeconomic terms.
Haggling
Hard
Bargaining
Trading
Working
Together
Value Claim
Value Created

The article offers conclusive suggestions that. No haggle tags may be beneficial to companies as the sellers because there are high likelihoods of having the price on the high side, (Reed, 1). There has been reporting of high turnovers to companies, especially the car selling ones, when there is the implementation of the no-gaggle tags on the commodities. However, the much concern is to the buyer. The article points to the discouragement of the purchaser in engaging in the no-haggle kind of buying. These perspectives emanate from the considerations that; when there is an indication of no room for negotiation, there are high likelihoods of having the price on the high side.
The indication that there is no bargaining for a commodity is not in connection with the item having the lowest possible price as many buyers get tempted to imagine. In the ideal microeconomic situation, the lowest price possible ought to be the one on the tag for the no-haggle item. However, in consideration of other microeconomic implications such as currency fluctuations as well as economic downfalls, there are all likelihoods of having the price way too high than the expected. A buyer, therefore, on buying from the no-haggle tagged commodity subjects themselves to the possibilities of exploitation from the purchaser as the pricing is most probably high. Although the no negotiation buying may save the buyer time and appear like prestigious, there are high possibilities of getting overcharged. It is, therefore, essential that a purchaser avoids engaging in the no-haggle tagged commodity buying to save their money.
Works Cited
Reed, Philip, Save Money: No-haggle car pricing: Buyers Should Know Retrieved from http://www.denverpost.com/2016/11/27/save-money-no-haggle-car-pricing/