business reasoning and analysis

Business & Finance
Tutor: None Selected Time limit: 1 Day

Why is the products liability system considered imperfect? Support your answer with as many examples as you can provide for each critical area that is important for consumers.

Aug 12th, 2015

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1. It is costtly.

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Aug 12th, 2015

May increase the cost of goods. Requiring the manufactures t internalise costs they would otherwise externalize ,thereby incresing price of goods

Strict liability may create risk of moral harzad  by casing consumers to under-invest in care even when they are the least-cost avoiders, leading to a lower aggregate level of care .

Aug 12th, 2015

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