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.
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1. It is costtly.
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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 .
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