Montana Cattle Ranchers Are Complaining About Mountain State Sheep Ranchers

question 74

Multiple Choice

Montana cattle ranchers are complaining about mountain state sheep ranchers whose animals are eating too much grass on the open range.The sheep ranchers claim that the cattle are eating too much of the grass.This is an example of

• A) an external benefit.
• B) the reciprocal nature of externalities.
• C) the principal agent problem.
• D) a situation in which strict liability would be the more efficient solution.

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Definitions:

Negligence Case

A legal case involving claims that a party's failure to exercise reasonable care resulted in harm or damage to another party.

Level Of Caution

The degree of care and attention to potential risks or dangers in a particular situation or activity.

Negligence Per Se

A legal doctrine where an act is considered negligently wrongful because it violates a statute or regulation.

Legal Rule

A binding principle or procedure that is enforced by a legal authority, guiding or regulating behaviors or processes.