Which of the Following Is an Example of the Organized

question 36

Multiple Choice

Which of the following is an example of the organized crime Manuel Castells described?

• A) Bernard Madoff's Ponzi scheme
• B) heroin networks that stretch across Asia
• C) prison gangs
• D) inner-city youth gangs

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Definitions:

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.

Opportunity Costs

The penalty of not opting for the next superior alternative while making a decision.

Total Revenues

The total amount of income generated by the sale of goods or services related to the company's primary operations.

Economic Profits

The surplus or profit earned by a firm over and above the total costs of production, including both explicit and implicit costs, signifying an above-normal return.