The matrix given below represents the payoffs to producer Hansel and purchaser Gretel from a transaction.Hansel is the producer of Good X and Gretel is the purchaser.Assume that Gretel has no incentive to break the contract.

-Refer to Table .Under expectation damages, if Hansel breaches the contract he would have to pay Gretel:
A)$10.
B)$5.
C)$8.
D)$3.

Question

The matrix given below represents the payoffs to producer Hansel and purchaser Gretel from a transaction.Hansel is the producer of Good X and Gretel is the purchaser.Assume that Gretel has no incentive to break the contract.

-Refer to Table .Under expectation damages, if Hansel breaches the contract he would have to pay Gretel:

-Refer to Table .Under expectation damages, if Hansel breaches the contract he would have to pay Gretel:
A)$10. 
B)$5. 
C)$8. 
D)$3.

Quizplus · Accepted Answer

The Answer of The matrix given below represents the payoffs to producer Hansel and purchaser Gretel from a transaction.Hansel is the producer of Good X and Gretel is the purchaser.Assume that Gretel has no incentive to break the contract.

-Refer to Table .Under expectation damages, if Hansel breaches the contract he would have to pay Gretel:
A)$10. 
B)$5. 
C)$8. 
D)$3.

The Matrix Given Below Represents the Payoffs to Producer Hansel