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The basic rationale for holding manufacturers strictly liable for defective product harm is that the cost of liability will be captured in the price, thereby
The basic rationale for holding manufacturers strictly liable for defective product harm is that the cost of liability will be captured in the price, thereby directing consumers toward efficiency (Cooter and Ulen, 2012, p. 226). Tort reform caps liability. What therefore is the impact of tort reform on efficiency in Consumer Product Injury cases? Defend your answer.
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