Use the Following to Answer Questions

question 199

Multiple Choice

Use the following to answer questions:
Figure: The Restaurant Market
-(Figure: The Restaurant Market) The figure The Restaurant Market shows curves facing a typical restaurant. Assume that many firms, differentiated products, and easy entry and exit characterize the market. In the long run:

• A) restaurants will leave the market.
• B) restaurants will enter the market.
• C) restaurants will neither enter nor exit the market.
• D) Not enough information is given to answer the question.

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Definitions:

Joyriding

The act of driving a vehicle without the owner's permission, typically done for thrill or enjoyment, rather than for the purpose of committing a theft.

Commit Another Crime

The action of engaging in illegal activities or offenses after previously offending.

Auto Thieves Arrested

The apprehension by law enforcement of individuals accused of stealing automobiles, typically leading to legal prosecution.

Organized Crime

Unlawful acts methodically organized and executed by dominant groups on a grand scale.