_____ ______ Continue to Be a Major Concern in Prisons

question 16

Multiple Choice

_____ ______ continue to be a major concern in prisons.

• A)Contraband items
• B)Argot supplies
• C)Canteen supplies
• D)Social equalizers

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Definitions:

Substitutes

Goods or services that serve as alternatives to each other, where a rise in the price of one results in a higher demand for the other.

Market

A place or scenario where buyers and sellers interact to trade goods, services, or information, often regulated by supply and demand.

Imperfect Competition

A market structure where the conditions necessary for perfect competition are not satisfied, characterized by factors like different products and barriers to entry.

Market Power

The ability of a firm or group of firms to influence the price of a good or service in the market, often through controlling supply, demand, or both.