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If the both Peter and John could negotiate a settlement without transactions costs, how many phone calls would John end up making if Peter had the rights to stop any cell phone calls from taking place at the coffee shop?
First New Deal
A series of programs and policies introduced by President Franklin D. Roosevelt in the 1930s to counter the effects of the Great Depression in the United States.
Second New Deal
A phase of the New Deal programs enacted by President Franklin D. Roosevelt in 1935 focusing on social justice and the creation of a social safety net.
Agencies
Organizations or government departments with specific roles and responsibilities within the larger structure of the government or corporate entities.
Programs
Planned series of activities or events designed to achieve particular outcomes or objectives.
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