What Is the Potential Effect That Fear of Crime Can

question 45

Multiple Choice

What is the potential effect that fear of crime can have on a disorganized, high-crime neighbourhood?

• A)Residents become more willing to call the police and crime rates decrease.
• B)Residents withdraw, businesses deteriorate, and crime increases further.
• C)Residents experience frustration and lash out at the offenders in an attempt to re-establish order.
• D)Residents learn new methods of protecting themselves and their property.

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Definitions:

MR

Marginal Revenue, which is the additional income from selling one more unit of a good or service.

Profit-Maximizing

The process of increasing the financial gain of an entity as much as possible through various strategies and decisions.

Market Price

The present rate at which a service or asset is available for purchase or sale in the market.

Perfectly Competitive

A market structure where many firms offer a homogeneous product, there are no barriers to entry or exit, and every company is a price taker.