Roughly How Many People Are Currently Under Some Form of Correctional

question 41

Multiple Choice

Roughly how many people are currently under some form of correctional supervision in the United States?

• A) 2 million
• B) 5 million
• C) 7 million
• D) 10 million

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Definitions:

Accounting Profits

The net income of a company calculated by subtracting total expenses from total revenues, following accounting rules.

Natural Monopoly

A market condition where due to high fixed costs or unique resources, a single firm can supply a product or service at a lower cost than any potential competitor, thus dominating the market.

Natural Monopoly

A market situation where a single supplier is most efficient in providing goods or services due to the high fixed or startup costs relative to the size of the market.