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Tort and product liability laws try to protect us so we don't pay for the wrongful actions of others or for injuries caused by defective

Tort and product liability laws try to protect us so we don't pay for the wrongful actions of others or for injuries caused by defective products. However, the costs of these protections lead to higher prices and more regulations.

Does our system work or is it too expensive?

Please examine from the point of view of a) individual plaintiff claimants and b) businesses.

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