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Suppose that an injurer escapes liability in three out of four accidents that he causes. Let the average damages per accident be $100,000 and assume
Suppose that an injurer escapes liability in three out of four accidents that he causes. Let the average damages per accident be $100,000 and assume the liability rule is strict liability.
In order for the injurer to face the proper incentives to take care, what is the correct magnitude of compensatory damages? (Please enter a whole number.)
what is the correct magnitude of punitive damages? (Enter a whole number.)
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