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Llanis Llanis
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6 years ago
Assume a lawyer signs a contingency fee contract with a plaintiff. The case ends up settling for $1 million, of which the plaintiff received $800,000. It is obvious this contract was efficient?
A) True, the plaintiff received some money.
B) False, it is not clear whether another lawyer would have settled for more.
C) False, it is not clear whether the plaintiff's lawyer is very smart.
D) True, the plaintiff and lawyer reached an agreement and both lived up to their end of the agreement.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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LBCeaLBCea
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6 years ago
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Llanis Author
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6 years ago
This site is awesome
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Good timing, thanks!
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2 hours ago
Thank you, thank you, thank you!
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