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Travis Hirschi tested the principal hypotheses of social control theory. While evidence was strong and supportive, what is the most controversial aspect of Hirschi's conclusions?
Fixed Cost
Costs that do not vary with the level of output produced, such as rent, salaries, and insurance premiums.
Cartel
A group of independent market participants who collude to increase prices and limit output in order to maximize their collective profits.
Marginal Cost
The hike in cost resulting from the creation of one more unit of a product or service.
Cartel
An agreement among competing firms to control prices or exclude entry of a new competitor in a market, often leading to higher prices and restricted supply.
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