A Third-Generation Jail Is Also Called a _____

question 64

Multiple Choice

A third-generation jail is also called a _____.

• A) federal prison
• B) pay-to-stay jail
• C) direct-supervision jail
• D) podular remote-supervision facility

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Definitions:

Pure Monopolist

A type of market where there is only one seller providing a unique product or service, with no close substitutes.

Maximize Profits

Maximizing profits is the primary goal of most firms and involves strategies and decisions aimed at increasing the difference between total revenues and total costs.

Nondiscriminating Pure Monopolist

A monopolist that charges all consumers the same price for its product, despite potential differences in the market.

Pure Monopolist

A single supplier in a market that controls all the supply of a particular good or service, with no close substitutes available, allowing for the setting of prices.