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djsmyers djsmyers
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7 years ago
Suppose a plaintiff hires a lawyer to represent her in a court case. Under which of the following contracts is efficiency in risk bearing assured?
A) The lawyer is paid by the hour.
B) The lawyer receives a share of the settlement.
C) The lawyer receives a fixed fee.
D) It is impossible to determine without the degree of risk aversion for each.
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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SaHiN22SaHiN22
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#1
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7 years ago
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djsmyers Author
wrote...

7 years ago
this is exactly what I needed
yen
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Yesterday
Thanks
nadiia
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2 hours ago
Thanks
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