[Solved] When someone commits murder, he or she goes to jail, and when someone walks around nude, he or she receives strange looks. These are both examples of how societies use ______ to enforce conformity. A) social control B) social agents C) group action D) moral panic Profit-Maximizing: A strategy or point where a firm produces at a level where its marginal cost equals marginal revenue, maximizing its profit. Economic Losses: Financial losses incurred by businesses or individuals, often resulting from poor investment decisions, decreased demand, or external factors affecting the market. Perfectly Competitive Market: A market structure characterized by many buyers and sellers, homogeneous products, and free entry and exit, where no single entity can influence the market price. Short Run: In economics, refers to a period during which at least one input, such as factory size or machinery, is fixed and cannot be changed.