1 ldquoif the legal standard of care in a negligence rule, Ask an Expert

Economics

1. “If the legal standard of care in a negligence rule is necessarily vague, the court should set it below the level of efficient precaution.” Explain the economic argument in favour of this proposition.

2. Doctors are liable when their negligence injures patients. Suppose the rule was changed from negligence to strict liability. How would administrative costs change?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91238427

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