For Each Possible Result of Police Discretion Listed in the Left

question 59

Short Answer

For each possible result of police discretion listed in the left -hand column, choose whether it is a pro or con, using each
choice as many times as you need to.
-Column 1: Police discretion opens the door for possible litigation.
Column 2: con

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Definitions:

Price-Taking Firms

Companies that accept the market price as given and have no power to influence that price due to competition and market structure.

Economic Profit

Profit calculated by subtracting both explicit and implicit costs from total revenues, providing a more complete measure of real profitability.

Quantity

The amount or number of a product or service available or demanded in a market.

Costs

The expense incurred in the production of goods or services or in the undertaking of any activity.