Kathy wants to buy a house at least 2,500 square feet in size. she looks at pat's house. pat honestly and reasonably believes the house has 2,600 square feet of floor space, and he tells her that. kathy agrees to buy the house. when the house is measured, she learns that it has 2,400 square feet of floor space. kathy can seek to rescind the contract on the basis of pat's:

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery