Suppose Bella had entered into a contract to rent Michelle's apartment for one year. The contract mentioned that if either of the two parties breached it, the other was to recover her loss. If Michelle breaches the contract, a payment which leaves Bella no worse off than if the contract was honored, is called opportunistic damage.
Indicate whether the statement is true or false
Question 2
Net social benefits are maximized when:
A) marginal benefits equal marginal costs.
B) marginal benefits are greater than marginal costs.
C) marginal benefits are less than marginal costs.
D) total benefits are equal to total costs.
E) average benefits are marginal benefits are equal.
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