In Order to Minimize the NET Costs Associated with Crime

question 41

Multiple Choice

In order to minimize the NET costs associated with crime,

• A)steps must be taken to eliminate all crime.
• B)crime should be reduced to the level at which the total benefit from crime equals the total cost of crime prevention.
• C)crime should be reduced to the level at which the marginal cost from crime equals the marginal cost of crime prevention.
• D)no crime should be eliminated.

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Definitions:

Limited And Bundled Choices

It describes a situation where consumers or users are presented with pre-packaged options that combine several products or services together, offering fewer individual choices.

Political Process

The methods and activities through which decisions, policies, and leaders are selected and implemented in a society.

Marketplace

An arena, physical or virtual, where goods and services are exchanged between buyers and sellers.

Limited And Bundled Choices

The concept where consumers are offered products or services as a package with limited flexibility to alter or customize the components of the package.