Andy Is Convicted of Committing a Misdemeanor

question 80

Multiple Choice

Andy is convicted of committing a misdemeanor. He is punished by incarceration for six months. He will serve his time in which of the following?

• A) A federal prison
• B) A local jail
• C) A state prison
• D) A federal work facility

---

Definitions:

Equilibria

The state of balance in a market or other system where supply and demand are matched, and there is no tendency to change.

Dominant Strategies

In game theory, a strategy that is the best choice for a player, regardless of what the opposing player chooses.

Annual Profit

Annual profit is the financial gain a company or individual achieves in a fiscal year after all expenses, taxes, and costs have been subtracted from total revenue.

Dominant-Strategy Equilibrium

A situation in game theory where a specific strategy is best for a player, regardless of the strategies chosen by other players.