Which of the following elements is not a requirement for a plaintiff to recover damages under the traditional theory of torts? O The plaintiff must have been harmed O The defendant's act must have caused the harm O The defendant's act must have been a breach of the duty of reasonable care under the circumstances O The harm must not have been foreseen by the plaintiff

Which of the following elements is not a requirement for a plaintiff to recover damages under the traditional theory of torts? O The plaintiff must have been harmed O The defendant's act must have caused the harm O The defendant's act must have been a breach of the duty of reasonable care under the circumstances O The harm must not have been foreseen by the plaintiff

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter16: Information, Risk, And Insurance

Section: Chapter Questions

Problem 2SCQ: Why is there asymmetric information in the labor market? What signals can an employer look for that...

See similar textbooks

Similar questions

1. The technology of interaction for a contractual relationship is given by the matrix below. 2 H L 1 H 5,5 0,8 L 7,0 1,1 Suppose the players write an incomplete contract stating that they agree to play the jointly-efficient outcome (that which maximizes the joint payoff as found in last week's homework). Assume that the court can verify exactly the outcome of produc- tion. (a) Suppose that the court uses expectation damages. Can the jointly- efficient outcome be implemented? Briefly explain. (b) Suppose that the court uses reliance damages. Can the jointly-efficient outcome be implemented? Briefly explain. (c) Suppose that the court uses restitution. Can the jointly-efficient out- come be implemented? Briefly explain.
Actual authority is the authoritya partner appears to have to third parties external to the partnership.O. TrueO. False
O $300 Question 11 3 pts Consumers are willing to pay a higher price for a brand-name product as opposed to a generic product because O they are willing to pay more for the privilege of watching the firm's commercials. O consumers maximize utility by purchasing the most expensive products. O a brand name provides a signal about a product's quality and reliability. O a brand-name product itself is always of higher quality. 3 pts Question 12 As competitors enter a market, demand becomes more meaning the demand curve
Kayla and Kevin are friends who go together to a used textbook seller who has two copies ofthe biology book that they both need for their class this semester. The cost to the seller ofacquiring the books was $25 each and no other students will need this book. Kayla states thatshe is willing to pay $40 for the book, while Kevin says he is willing to pay $80. Which ofthe following describes the most likely conclusion to this scenario? Group of answer choices The seller will sell the books to both Kayla and Kevin for $40 each because if they tried tocharge Kevin a higher price, Kayla would engage in arbitrage. The seller will sell one book to Kayla for $40 and one book to Kevin for $80 because thismarket meets all three requirements for price discrimination. The seller will sell the books to both Kayla and Kevin for $80 each because Kevin's highervalue exceeds Kayla's willingness to pay. The seller will sell the books to both Kayla and Kevin for $25 each because that is howmuch the…
12. Consider a game where each player picks a number from 0 to 60. The guess that is closest to half ofthe average of the chosen numbers wins a prize. If several peopleare equally close, then they share theprize. The game theory implies that (A) all players have dominant strategies to choose 0 (B) all players have dominant strategies to choose 30 (C) there is a Nash equilibrium where all players pick 0 (D) there is a Nash equilibrium where all players pick positive numbers 13. Behavioral data in such games suggests that (A) most subjects choose 0; (B) most subjects choose 30; (C) common answers include 30, 15, 7.5, and 0; (D) most subjects use randomization. Can you help me answer number 13 please?
i am not sure how to ask anther question after the expert answered one of mine but here is a question i asked the expert and the naswer he game me in picture 1 & 2. the questions insnt linked from other sites its from bartleby just coudlnt see option to ask anther. can you answer this part now: Now assume the financial advisor knows that another advisor will offer a competitive portfolio. Based on historical data, he knows this competitive portfolio’s total return follows a normal distribution with mean £36mil and standard deviation of £2mil and is priced at 5% of total return. Clients will naturally choose the advisor which offers the portfolio with the highest net How does the distribution of profit over the range of financial prices considered in part B) changes, when the competitor is considered?
Why is there asymmetric information in the labor market? What signals can an employer look for that might indicate file traits they are seeking in a new employee?
With a contributory negligence rule, the injurer has an incentive to take less than the optimal level of precaution because the cost of the harm is shared by the victim proportional to his or her level of responsibility for the accident. O True O False Moving to another question will save this response. Question 4 of 20 >>>
With regard to the law of negligence, which of the following is FALSE? Select one:, O a. If the court finds that the plaintiff was 40 percent and the defendant 60 percent responsible for the loss suffered by the plaintiff, the plaintiff cannot recover the 40 percent from the defendant. O b. Some occupiers' liability acts set the standard of care owed by the occupier-namely, to take reasonable care that any person is reasonably safe. Oc To win his action in negligence. a plaintiff must prove, among other things, that the defendant owed the plaintiff a duty of care. Oayou hurt someone and are suec for negligonde, a possible defence is that you didn't intend
Suppose you run a marketing survey and find you have two types of customers high-value customers willing to pay 16 and low-va consumers willing to pay just 10. Your survey tells you that there are equal numbers of high- and low- value customers. Obviously , have two possible options price high (16) and sell only to the high value group, or price low (10) and sell to everyoneThe costs incurred is 5 per unit and sales only happen to high -value consumers 50 % of the timeWhich price should you choose ? Select the correct response price high price low it depends price both high and low
Consider a small town with two competing restaurants: Doug’s Diner and Betty’s Bistro. There is 1000profit to be made in the market. Each period, the restaurants simultaneously decide whether to offer high orlow quality food. In order to offer high quality food, each restaurant must hire an expert chef, which incursan additional cost of 100. The restaurants split the profit equally if they offer the same quality of food. Ifone restaurant offers high quality food while the other offers low quality food, the high quality restauranttakes four fifths of the profit and the low quality restaurant takes one fifth of the profit.(a) Draw up the normal form game matrix, showing the players, strategies, and payoffs.(b) Determine the Nash equilibrium of this game.(c) Explain how the restaurant owners could both be better off than in the Nash equilibrium if they wereable to cooperate. Is the town as a whole better off or worse off when the firms cooperate? Why or whynot?
Question Completion Status: Gekko QUESTION 8 Good Quality a Poor Quality SERDE 1 INSGE 19 2 Good Quality Wonka 10 Gekko = 10 Wonka = 12 Gekko = 9 1 Wonka Refer to Table 17-7. Wonka and Gekko agree to cooperate so as to maximize total profit. If this game is played repeatedly and Wonka uses a tit- strategy, it will choose a O a. good quality product in the first round and in subsequent rounds it will choose whatever Gekko chose in the previous round. O b. poor quality product in all rounds, regardless of the choice made by Gekko. C. good quality product in all rounds, regardless of the choice made by Gekko. d. poor quality product in the first round and in subsequent rounds it will choose whatever Gekko chose in the previous round. Poor Quality Wonka = 9 Gekko = 12 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Wonka = 11 Gekko = 11 O Pleshow! www 0 R Aa