Bartow Signed a Contract to Coach Baseball for Washington High

question 3

Multiple Choice

Bartow signed a contract to coach baseball for Washington High for a period of three years.After two years he is offered and accepts an assistant coach position at State University.Contract law will not allow Washington High to ask for:

• A) specific performance.
• B) payment of compensatory damages.
• C) an injunction.
• D) liquidated damages.

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a product.

Barriers to Entry

Obstacles that deter or limit the ease with which newcomers can penetrate an industry or business field.

Government Regulation

Rules established by authorities designed to control and guide the practices of businesses, protect consumers, and support fair market competition.

Marginal Revenue

The increase in revenue that results from selling one additional unit of a product or service.