I want to build a garage in my backyard. My neighbors driveway offers the only practical way

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I want to build a garage in my backyard. My neighbor’s driveway offers the only practical way to reach the proposed garage. I offer to purchase an easement from my neighbor, thus giving me the right to share her driveway. Economists describe the relationship between my neighbor and me as “bilateral monopoly.” Explain why this phrase is appropriate.

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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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