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A strict liability rule for consumer product promotes efficiency under what situation?. O if the producer's profits are large enough to absorb the cost of added consumer protections O if the negotiating costs between the producer and consumer are zero or close to zero when the injuries are incompensable O when the producer has better information about the true cost of harm from accidents than the consumer has

A strict liability rule for consumer product promotes efficiency under what situation?. O if the producer's profits are large enough to absorb the cost of added consumer protections O if the negotiating costs between the producer and consumer are zero or close to zero when the injuries are incompensable O when the producer has better information about the true cost of harm from accidents than the consumer has

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Question 16 A strict liability rule for consumer product promotes efficiency under what situation? O if the producer's profits are large enough to absorb the cost of added consumer protections O if the negotiating costs between the producer and consumer are zero or close to zero when the injuries are incompensable when the producer has better information about the true cost of harm from accidents than the consumer has
Transcribed Image Text:Question 16 A strict liability rule for consumer product promotes efficiency under what situation? O if the producer's profits are large enough to absorb the cost of added consumer protections O if the negotiating costs between the producer and consumer are zero or close to zero when the injuries are incompensable when the producer has better information about the true cost of harm from accidents than the consumer has
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