1. Explain the economic efficiency theory of tort liability and describe the reasoning behind this theory. Then, using the factory example in Section 5.3 of your digital book, show how the economic efficiency theory works to provide the factory owner with an incentive to avoid harm in the first place and therefore serves as a deterrent.
2. Explain the corrective justice theory of tort liability and describe the reasoning behind this theory. Then, using the factory example in Section 5.3 of your digital book, show how the corrective justice theory works to provide justice in the sense of "undoing the injury."
3. Compare and contrast the economic efficiency and corrective justice theories by pointing to at least two key differences between the two approaches. Point to the theory you find most persuasive, explaining your reasons why.