Examlex
__________ is the principle that crime prevention can be achieved through modifying the physical environment to reduce individuals' opportunities to commit crime.
Monopoly
A market structure characterized by (1) a single seller of a well-defined product for which there are no good substitutes and (2) high barriers to the entry of any other firms into the market for that product.
Vigorous Competition
Vigorous competition refers to a market condition characterized by strong rivalry among firms, aiming to outperform one another in price, quality, and service.
Short Run
In economics, a period during which at least one input or factor of production is fixed, focusing on immediate outcomes.
Output Quantity
Refers to the total amount of goods or services produced by a company or within an economy during a specific time period.
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