Project #49402 - Economics analysis

I need a 350 word count economic analysis of the McDonald's Hot Coffee Case. The question to be explained is "Under strict liability without punitive damages, how would McDonalds measure the benefits and cost of reducing the temperature or providing a more adequate warning? Do you think it would change the way it markets coffee? Would the level of care differ from the due care standard applied in this case? If so, is the due care standard applied by the jury in this case efficient?" 

 

Please read the summary case first in wikipedia to get a better understanding of the case. There is no need to introduce the case, the 350 words should just be economic explanation.

 

Thank you. 

Subject Business
Due By (Pacific Time) 11/29/2014 02:00 pm
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