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The first asylums failed and aggravated the conditions of the mentally ill because
Marginal Cost
The increase in cost that comes from making one more unit of a product or service.
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market supply equals demand.
Collusion
A secret or illegal cooperation or conspiracy, especially between parties to cheat or deceive others, commonly in the context of firms agreeing on prices or market shares.
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