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Under the reverse waiver system, a judge can overrule a mandated waiver and decide that a youth shall be tried in juvenile court.
Net Social Gain
The overall benefit to society, calculated by subtracting total social costs from total social benefits.
Net Social Gain
The overall benefit to society, created when the total value generated by an action exceeds the total costs associated with it.
Rent-Seeking Activities
Practices of gaining economic benefits without contributing to productivity, typically through manipulation of the political environment.
Monopoly Power
The exclusive control by one company over an entire industry or market, allowing it to dictate terms and prices without competition.
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