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The Majority of Criminal Cases Go to Trial, While the Majority

question 63

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The majority of criminal cases go to trial, while the majority of civil cases are resolved through negotiation.


Definitions:

AVC Curve

The graphical representation of the Average Variable Cost of production as it relates to output levels.

Short Run

A time period in economics during which at least one input, such as plant size, is fixed and cannot be changed.

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Market Price

The current price at which an asset or service can be bought or sold in the marketplace.

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