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A System of Prison Industry in Which a Prison Temporarily

question 56

Multiple Choice

A system of prison industry in which a prison temporarily relinquishes supervision of its prisoners to a private contractor is called a _____ system.


Definitions:

Demand Curve

A visual depiction highlighting how the cost of a good influences the quantity that buyers seek.

Price

The amount of money required to purchase a good or service; it acts as a signal between sellers and buyers.

Consumer Surplus

The difference between what consumers are willing to pay for a good or service and what they actually pay, representing the benefit to consumers.

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