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djsmyers djsmyers
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6 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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6 years ago
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djsmyers Author
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6 years ago
Helped a lot
Tabitha.davis
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Yesterday
Thanks for your help!!
Holly72492
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2 hours ago
Smart ... Thanks!
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