P incurs $8,000 of damages because of D's negligent handling of radioactive waste. The administrative costs of a trial would be $3,000 (all costs, for all parties and court). Which of the following statements is true damage award. P's legal fees would be $1,000. O Social costs would be zero if P dropped the lawsuit against D. O P's threat value is $8,000. O Litigating this matter is inefficient unless the error costs are $3,000 or more. O Litigating this matter inefficient because the costs definitely outweigh the benefit.
P incurs $8,000 of damages because of D's negligent handling of radioactive waste. The administrative costs of a trial would be $3,000 (all costs, for all parties and court). Which of the following statements is true damage award. P's legal fees would be $1,000. O Social costs would be zero if P dropped the lawsuit against D. O P's threat value is $8,000. O Litigating this matter is inefficient unless the error costs are $3,000 or more. O Litigating this matter inefficient because the costs definitely outweigh the benefit.
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 35P
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![P incurs $8,000 of damages because of D's negligent handling of radioactive waste. The administrative costs of a trial would be $3,000 (all costs, for all parties and court). Which of the following statements is true? Assume a trial would give us the "correct"
damage award. P's legal fees would be $1,000.
O Social costs would be zero if P dropped the lawsuit against D.
O P's threat value is $8.000
O Litigating this matter is inefficient unless the error costs are $3,000 or more.
O Litigating this matter is inefficient because the costs definitely outweigh the benefit.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F819c975b-564e-47ca-9404-0be2a151de65%2Ff5663578-c7f7-46ec-9ae0-650eab98e6dc%2Fssv8wx_processed.png&w=3840&q=75)
Transcribed Image Text:P incurs $8,000 of damages because of D's negligent handling of radioactive waste. The administrative costs of a trial would be $3,000 (all costs, for all parties and court). Which of the following statements is true? Assume a trial would give us the "correct"
damage award. P's legal fees would be $1,000.
O Social costs would be zero if P dropped the lawsuit against D.
O P's threat value is $8.000
O Litigating this matter is inefficient unless the error costs are $3,000 or more.
O Litigating this matter is inefficient because the costs definitely outweigh the benefit.
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