Is a Type of Sanction That Requires the Offender to Provide

question 4

Short Answer

is a type of sanction that requires the offender to provide a specified number of hours of free labor in some public service (e.g., volunteer work clean-ups). ​

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Definitions:

Moderately Concentrated

Describes an industry structure where a few firms occupy a significant portion of the market share but not to the extent of creating a monopoly or oligopoly.

Pure Monopoly

An industry with a single firm that produces a product for which there are no close substitutes and in which significant barriers to entry prevent other firms from entering the industry to compete for profits.

HHI

The Herfindahl-Hirschman Index, a measure of market concentration used to determine the level of competition within an industry.

HHI

A measure of market concentration used to determine the competitiveness of a market. Also known as the Herfindahl-Hirschman Index.