Both a defendant and plaintiff believe there is a 30 percent chance that the plaintiff will win $150,000 and a 70 percent chance that the plaintiff will lose and be awarded nothing (zero) . If the plaintiff's litigation cost is $30,000 and the defendant's litigation cost is $40,000, the defendant would be willing to pay any amount up to _______to settle and the plaintiff would be willing to accept any amount greater than_______ _ to settle.
A) $15,000; $85,000
B) $85,000; $15,000
C) $20,000; $80,000
D) $80,000; $20,000
Correct Answer:
Verified
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