The Least Represented Racial Group in State Prisons for All

question 130

Multiple Choice

The least represented racial group in state prisons for all types of crimes are

• A) African Americans.
• B) whites.
• C) Latinos.
• D) immigrants.

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Definitions:

Economic Profit

The surplus remaining after accounting for both explicit and implicit costs from total revenues.

Monopolistically Competitive

A market structure in which many companies sell products that are similar but not identical, allowing for competition based on product differentiation.

Excess Capacity

A situation where a firm produces at a level less than its maximum output, often resulting in inefficiencies or higher production costs per unit.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for some degree of market power in setting prices.