Examlex
Which of the following theories of recovery are commonly used in product liability cases?
Rival In Consumption
A characteristic of a good or service that means its use or consumption by one individual prevents simultaneous use or consumption by other individuals.
Fire Protection
The study and practice of mitigating the unwanted effects of potentially destructive fires.
Rivalry In Consumption
The property of a good whereby one person’s use diminishes other people’s use.
Private Good
A product that is excludable and rivalrous, meaning its use by one person decreases its availability for another.
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