Describe how the risk of injury to consumers and bystanders


Describe how the risk of injury to consumers and “bystanders” could affect the design, production, distribution, and pricing of jet skis if the manufacturer seeks to maximize firm value (assuming no safety regulations and that the producer cannot be held liable for harm to consumers or bystanders). Will value maximization case the manufacturer to consider the effects of noise on the tranquility of beaches and inland waterways?

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Operation Management: Describe how the risk of injury to consumers and bystanders
Reference No:- TGS02447058

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