tion 1 Ve may get less than the socially optimal amount of litigation because O A. because case law (law derived from court decisions) is a public good O B, because the people who benefit from the clarification of laws as a result of litigation often do not contribute anything toward the cost of the litigation, which is borne by the parties to the lawsuit. O , the litigants are concerned about their legal costs and their expected benefit of litigation, but have little concern about the social benefits. O D. Only B and C are correct. O E. All of the above.

tion 1 Ve may get less than the socially optimal amount of litigation because O A. because case law (law derived from court decisions) is a public good O B, because the people who benefit from the clarification of laws as a result of litigation often do not contribute anything toward the cost of the litigation, which is borne by the parties to the lawsuit. O , the litigants are concerned about their legal costs and their expected benefit of litigation, but have little concern about the social benefits. O D. Only B and C are correct. O E. All of the above.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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