The ethical theory based on the concept of duty that suggests that if a product causes harm, the firm should pay the costs of any injury is

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The social costs view posits that if a product causes harm, the firm should bear the costs of any injury. This theory emphasizes the responsibility of businesses to not only their shareholders but also to the society at large, including taking care of the damages their products might cause.

The Ethical Theory Based on the Concept of Duty That