Examlex
Regardless if a multi- plant firm is perfectly competitive or has market power, to maximize profits, managers need to set the overall marginal cost from producing in each of their plants equal to the marginal revenue to find the profit- maximizing total quantity.
Berghuis v. Thompkins
A 2010 Supreme Court case that held that remaining silent without a prior explicit invocation of Miranda rights does not constitute an invocation of the right to silence.
Right to Remain Silent
A legal principle that safeguards individuals from being compelled to incriminate themselves during a legal process.
Strict-Liability Offenses
Crimes for which the perpetrator can be held liable regardless of intent or state of mind at the time of committing the act.
Mens Rea
A legal principle referring to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.
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