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Discuss the effects on efficient behavior of different liability rules, including comparative negligence. Include in your discussion an analysis of the efficiency of the various rules and discuss the differing costs of administering the rules.

Need Help on my final exam. Willing to reward for help. 1. Relate the legal concept of tort to the economic concept of externalities. 2. Does the existence of a tort necessarily mean that economic inefficiency is present? How do torts differ from other ty...