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    Macroeconomics Study Set 43
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    Exam 4: A: - Market Failures: Public Goods and Externalities
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    What Is the Economic Rationale for Liability Rules and Lawsuits
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What Is the Economic Rationale for Liability Rules and Lawsuits

Question 20

Question 20

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What is the economic rationale for liability rules and lawsuits? What are the limitations with this approach?

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Liability rules help to specify property...

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