The Building of Prisons in America in the 19th Century

question 8

Multiple Choice

The building of prisons in America in the 19th century represented a shift from mostly ______________ forms of punishment to mostly _______________ forms.

• A) public; private
• B) rehabilitation; revenge
• C) brutal; quiet
• D) private; public

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Definitions:

Market Share

The share of a market that a certain product or company holds.

Profit-Maximizing

A process that enables a business to identify the price and production level that results in the greatest profit.

Marginal Revenue

The revenue increase from selling one more unit of a product or service.

Marginal Cost

The increase or decrease in the total production cost when the production level is increased by one additional unit.