Examlex
Which of the following terms refers to a nonbreaching party's legal duty to avoid or reduce damages caused by a breach of contract?
Baseball Game Ticket
A document or electronic card that grants the bearer entry to a baseball game.
Consumer Surplus
The distinction between the full amount consumers are willing and able to spend on a good or service and the actual sum paid.
Price Floor
A government or group-imposed price control or limit on how low a price can be charged for a product, above the equilibrium price.
Consumer Surplus
The discrepancy between the total price consumers are willing to pay for a service or good versus what they actually spend on it.
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