Fees Began to Be Assessed to Offenders Starting in the 1980s

question 66

True/False

Fees began to be assessed to offenders starting in the 1980s and are also known as "court costs" in some parts of the United States.

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Definitions:

Yearly Licensing Fee

An annual charge paid to obtain the rights to use a particular piece of intellectual property, software, or other specific products/services.

Market Price

The ongoing rate at which an asset or service is offered for buying or selling in a certain market.

Short Run

A period in economics during which at least one input or resource is fixed, limiting immediate capacity adjustments.

Zero Economic Profit

A condition in which a firm's total revenue equals its total costs, implying normal profit but no excess profit over what is considered normal in the industry.