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Sail-Away Corporation makes sailboards, which are bought and distributed by Tropic Company to UV Sports Stores, Inc., which sells them to consumers. Wen is injured while using a Sail-Away board that he bought from UV Sports. In a product liability suit based on strict liability, Wen may recover from
Optimum
The most favorable condition or level for growth, reproduction, or success.
Socially Optimal
The point at which the benefits to society of an action, policy, or project, are maximized, taking into account all costs and benefits.
MSB and MSC
Marginal Social Benefit (MSB) and Marginal Social Cost (MSC) refer to the additional benefit or cost to society of producing one more unit of a good or service.
Pollution
The introduction of contaminants into the natural environment, causing adverse changes and harm to ecosystems and human health.
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