Describe the difference between a property rule and a liability rule? What legal enforcement mechanism is most appropriate for either one?

Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Antitrust And Regulation
Section: Chapter Questions
Problem 12SQP
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Describe the difference between a property rule and a liability rule? What legal enforcement mechanism is most appropriate for either one?

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