What inefficiencies arise from such a compulsory purchase

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Reference no: EM131908282

Question: 1. The rungs of ladders must be constructed to support the weight of the people who climb them. Compare the relative efficiency of a precise government standard for all ladders concerning the weight that the rungs must support, as opposed to the rule that the strength of the rungs should be determined as suits arise on a case-by-case basis using the Hand rule.

2. In effect, a rule of strict liability requires the seller to provide the consumer with a joint product: soda and insurance. What inefficiencies arise from such a compulsory purchase?

Reference no: EM131908282

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