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Please enter all answers with NO commas and NO dollar signs. You want to have an in-ground pool installed. The value to you of having

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Please enter all answers with NO commas and NO dollar signs. You want to have an in-ground pool installed. The value to you of having an in-ground pool Is $50,000. You find a contractor who will provide and install a pool and you agree on a price of $35,000. There is an expected cost to the contractor of $25,000 to provide and Install this pool. With the completion of this contract, how much does your utility increase/decrease? With the completion of this contract, how much does the contractor's utility increase/decrease? What is the net social gain/loss from this contract? What would the expectation damages be for this contract? If there were low transactions costs and there was no penalty for breaching the contract: If the cost of providing and installing the pool increased to $40,000, what would happen? Is this outcome efficient? would pay between and the contractor would the pool. This outcome efficient. If the cost of providing and installing the pool increased to $60,000, what would happen? Is this outcome efficient? ? would pay and the contractor build the pool. This outcome efficient

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