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a. Suppose that the Power company has no liability for damages due to power outages. What actions will be taken by each party? Compute the
a. Suppose that the Power company has no liability for damages due to power outages. What actions will be taken by each party? Compute the total costs of this situation. b. Suppose, on the other hand, that the power company is strictly liable for all outage- related damages. 'What actions will be taken by each party? Compute the total costs of this simation. Is this an improvement over the situation in part a? c. Suppose that there is a simple negligence rule that assigns liability to the power company only for failure to trim trees. What actions will be taken by each party":I Compute the total costs of this situation. Is this an improvement over the situation in parts a and b
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