Multiple Choice
-Consider the game depicted in Figure 14.11. If a motorist hits a pedestrian, the pedestrian incurs accident costs of $50. The cost of being diligent for both players is $5. If both players are diligent, the probability that an accident will occur is 5 percent. The payoffs from alternative strategy profiles suggest that the prevailing tort law regime is:
A) No liability.
B) Pure strict liability.
C) Negligence with contributory negligence.
D) Strict liability with contributory negligence.
E) Comparative negligence.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: Suppose that the cost of avoiding an
Q13: Torts are:<br>A) Intentional.<br>B) The result of negligence.<br>C)
Q14: Suppose that in the cost of avoiding
Q15: Tort law is concerned with the:<br>A) Allocation
Q16: Suppose that in the cost of avoiding
Q18: Liability refers to:<br>A) The failure to exercise
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1330/.jpg" alt=" -Consider the game
Q20: Suppose that in the cost of avoiding
Q21: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1330/.jpg" alt=" -Consider the game
Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBR1330/.jpg" alt=" -Consider the game