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In: Economics

Briefly explain each of the following concepts, that is, what the law says in each case....

Briefly explain each of the following concepts, that is, what the law says in each case. Then, explain how the concept of transaction costs provides an economic justification for each rule:

A.     Necessity as a defense for trespass

B.     Property right protection for a trademark

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Expert Solution

Rahul Sunny answered 2 years ago
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