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Social Studies, 21.03.2020 09:47 TPfishing16

If most litigation is a costly form of redistribution, then public policy should discourage it for the sake of economic efficiency. Compare the efficiency of the following restrictions on the market for legal services:

(a) low damages awarded as compensation for injuries;
(b) high fees charged by the court for the filling of a legal complaint;
(c) lawyer's feet set by the state at ahigh level

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