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Question: You and I have signed a contract. You hired an incompetent lawyer (but one who was officially certified to practice law) to negotiate your side of it. I engage in some action that triggers a contract provision that imposes a financial burden on you and benefits me. Had your lawyer been competent she would not have allowed that provision into the contract. Was I acting opportunistically under our definition? Is it economically efficient if the law allows you to avoid paying me (it usually does not) because you claim your lawyer was incompetent.

Microeconomics, Economics

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