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One of the following is not a strong economic explanation for high legal fees: The specialized nature of legal expertise makes the market for legal

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One of the following is not a strong economic explanation for high legal fees: The specialized nature of legal expertise makes the market for legal services monopolistic. Lawyers recover the sunk costs from the education phase of their work cycle. Tax deductions for corporate clients act as a subsidy that raises the price for legal services. Lawyers are greedy

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