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Although most prisons are classified as medium-security prisons, more than half of all inmates are held in ___________ institutions.

A prison industry system in which employment was directed by the state and the products of the prisoners’ labor were sold for the benefit of the state.

Allocative efficiency is an economic concept regarding efficiency at the social or societal level. It refers to producing the optimal quantity of some output, the quantity where the marginal benefit to society of one more unit just equals the marginal cost. The rule of profit maximization in a world of perfect competition was for each firm to produce the quantity of output where P = MC, where the price (P) is a measure of how much buyers value the good and the marginal cost (MC) is a measure of what marginal units cost society to produce. A monopolist…

A correctional facility designed to hold pretrial detainees and misdemeanants serving their criminal sentence.

Where does this story take place?

_______________is a comparison using like or as. 

A prison system developed during the 19th century that was based on total isolation and individual penitence.

When applying the pricing concept of Tying to printers and ink. Which is considered the base good and which is the variable good?

A ___________________ poem tells a story. 

The US Federal Trade Commission justifies their record of approval of most mergers by asserting that, even though competition is diminished by consolidating two firms into one, mergers actually benefit