The Law Dictionary

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MARKET SHARE LIABILITY Definition & Legal Meaning

Definition & Citations:

Entity accountability assumes product risk liability in proportion to the entity’s market share as this legal doctrine. Here is a scenario: even if an entity did not produce the actual drug that caused an injury, as a pharmaceutical company in that market, it will be liable to the complainant because it produces a different, yet specific drug with side effects. The entity incurs liability as it is in the same market as the actual company manufacturing the product that caused the injury.

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