How would administrative costs change

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Reference no: EM131908284

Question: 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 favor 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?

Reference no: EM131908284

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