Breach of Contract Has Which Three Remedies

question 5

Multiple Choice

Breach of contract has which three remedies?

• A) Assignment of damages,contractual damages,specific damages
• B) Compensatory damages,dissolution of damages,specific damages
• C) Compensatory damages,liquidated damages,specific damages
• D) Dissolution of damages,liquidated damages,noncontractual damages

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Definitions:

Output Level

The quantity of goods or services produced by a company, industry, or economy within a specified period.

Private Value

Represents the worth or value of a good or service to an individual consumer, which may differ from its market price or cost to others.

Antibiotic-Resistant Diseases

Conditions caused by bacteria that have evolved to survive treatments with antibiotics previously effective against them.

Socially Optimal Quantity

The level of production of goods and services that maximizes societal welfare, taking into account external costs and benefits.