Examlex
Explain the supermax syndrome that is prevalent in supermax facilities.
Herfindahl Index
A measure of market concentration that sums the squares of the market shares of all firms within an industry.
Economic Profit
The profit or loss calculated by taking the total revenue of a firm and subtracting all its costs, both direct and indirect.
Market Power
The ability of a firm or group of firms to control prices and total market output, often as a result of monopoly or oligopoly market structures.
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