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In this method of dispute resolution, the attorney assembles ordinary citizens, asks them to act as jury, presents the case as if in court, and then requests them to make a decision. Hearing the decision and questioning the "jury" about their deliberations can be very instructive for the attorney in deciding how best to proceed with the case and whether to seek a path other than litigation. Identify the dispute resolution method in the discussion.
Monopoly
An economic scenario where only one seller exists who offers a distinctive product to the marketplace.
Price Discrimination
A pricing strategy where different prices are charged for the same product or service in different markets or to different consumers.
Elastic Demand
A situation where the quantity demanded of a product is highly responsive to changes in its price.
Inelastic Demand
The condition when the quantity demanded of a product changes very little in response to changes in its price.
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