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I see, that your answer confirms my previous assumption: "It depends" - We can make W/L sufficient small to avoid unsafe currents. But how about a reasonable circuit purpose?What you said is right both the pmos will be ON but actually one will be in saturation and another in Linear and the transistors wont burn inspite of high current but that high current wil be in the order of uA.
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we can make both the transistors operate in saturation by adjusting their W/L's
What is it good for?