Next Generation Bar Exam Quiz
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A seller of custom bicycles agreed to sell a bicycle to a buyer for $2,000. The buyer repudiated before the seller began work. The seller had the capacity to produce and sell one additional bicycle beyond its anticipated orders for the season, and it had a ready market for every bicycle it could produce. It later sold an identical bicycle to another customer for $2,000. The seller's marginal cost of producing the bicycle would have been $1,200. In an action against the buyer, what is the seller's expectation damages?
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