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, affirmed the judgment of the state supreme court. At issue was the fundamental question of the ability of consumers to obtain … Drug Administration (FDA) approval of a drug (and its labeling) preempts the ability of injured consumers like Ms. Levine … represents, perhaps, the most important safety net available to consumers injured by defective products. A ruling by the Supreme …
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Market forces, supplemented by government policy, affect how firms and households jointly determine product and workplace safety levels. After developing the economic theory of how labor and product markets pair prices and health risks we then explain the effects of the relevant government...
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