Perfectly competitive markets contain many buyers and sellers of the same contract; so, the best alternative contract

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Perfectly competitive markets contain many buyers and sellers of the same contract; so, the best alternative contract is identical to the actual contract signed. What does this fact imply about the relationship between perfect expectation damages and perfect opportunity-cost damages for breach in perfectly competitive contract markets?

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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