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A fundamental philosophical change in the focus of juvenile justice is reflected in the three new disposition or sentencing practices that are listed below.Which of the following does NOT belong?
Purely Competitive Firm
A company that operates in a market where there are many buyers and sellers, none of which can influence market prices significantly.
Long Run
A period of time during which all factors of production and costs are variable, in contrast to the short run where some are fixed.
Market Supply
The total amount of a product or service that is available to consumers, determined by the sum of all individual suppliers' outputs in the market.
Decreasing-cost Industry
An industry that experiences lower production costs as the industry output expands, often due to economies of scale.
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