What is the “risk-utility test” in defective products law?

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How do I know if I have a valid defective products claim?
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How is causation established in a defective products case?
What type of buyer can bring a defective products claim?
Is there the ability to sue a manufacturer for a defective product?
Are there any defenses available to a product seller in a defective products case?
Is there a limit on the amount of damages that can be awarded in a defective products case?
What type of compensatory damages are available for defective products cases?
What type of evidence is required to bring a defective products claim?

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