Many argue that criminal law exists to prevent people from converting property rules into liability rules. Do you agree
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Many argue that criminal law exists to prevent people from converting property rules into liability rules. Do you agree
Many argue that criminal law exists to prevent peoplefrom converting property rules into liability rules. Do you agreewith this statement (and explain why or why not?) As part of youranswer, please also state (i) what property and liability rulesare, (ii) the purpose(s) of criminal law (versus civil law) and(iii) and whether or not civil law can internalize all the costs ofcrime.