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Most U.S. prisons today utilize the model of incarceration, which focuses primarily on security and discipline.
Equilibrium Price
The price at which the quantity of a good or service supplied equals the quantity demanded, resulting in market balance.
Equilibrium
A state in a market or economy where supply equals demand, and there is no incentive for change under current conditions.
Coconuts
Often used in economic models and examples, referring to a simplistic commodity to illustrate principles of trade, investment, or resource allocation.
Equilibrium
A condition or state in which economic forces such as supply and demand are balanced, resulting in a stable market.
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