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All else equal, we should expect which of the following under the American rule on legal fees (each party pays its own legal fees); O
All else equal, we should expect which of the following under the American rule on legal fees (each party pays its own legal fees); O A greater likelihood that litigants with weak cases will drop their cases than under the English rule. O A greater likelihood of settlements than under the English rule when the litigants are risk averse. O A preference for the American system by defendants with a low probability of winning. O Higher settlement and judgment amounts than under the English rule
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