Question 16A 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 protectionsO if the negotiating costs between the producer and consumer are zero or close to zerowhen the injuries are incompensablewhen the producer has better information about the true cost of harm from accidents than the consumer has

Strict liability, also known as absolute liability, is a legal doctrine that holds an individual or…

Answered: A strict liability rule for consumer…

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