16. A cattle rancher and a wheat farmer own adjacent properties. The accompanying table identifies the annual
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16. A cattle rancher and a wheat farmer own adjacent properties. The accompanying table identifies the annual profit received by each party in the event there is, or there is not, a fence. If there is no fence, one can be installed and maintained at an annual cost of $15,000.
If legal rights are assigned to the wheat farmer so that the cattle rancher is liable for any damage caused by her cattle to the wheat crop, will the cattle rancher build a fence?
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