Under RICO

question 18

Multiple Choice

Under RICO:

• A) racketeering activity is narrowly defined to include only offenses commonly engaged in by organized crime such as money laundering.
• B) to constitute a pattern under the statute the conduct must be engaged in at least once a year for five consecutive years.
• C) only corporations and individuals are subject to its provisions.
• D) a successful plaintiff in a civil action may recover treble damages plus attorney fees if successful.
• E) only organized crime organizations and their members can be convicted under the statute.

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Definitions:

Profit Maximizing Prices

Prices set by firms to maximize their profits, determined by the intersection of marginal cost and marginal revenue.

Marginal Revenue Function

A mathematical representation that shows how marginal revenue changes as the quantity of output is changed.

Dinner Special

A unique or discounted meal offered by a restaurant, typically for a limited time or occasion, often to attract customers or showcase new dishes.

Optimal Decision

The most efficient, profitable, or desirable decision given the available information, resources, and constraints.