Why Is Trying to Catch Identity Thieves in the Act

question 35

Multiple Choice

Why is trying to catch identity thieves in the act not generally helpful?

• A) They lie so well that you cannot know their true identity.
• B) Only amateur identity thieves are sloppy enough to get caught in the act.
• C) Immediate arrests don't normally take place unless a law-enforcement officer happens to be at the scene of the crime.
• D) All of the above.

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Definitions:

Demand Curve

A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Monopsony Power

The market power held by a single buyer to influence the price at which they purchase goods or services.

Elasticity Of Supply

The degree to which the quantity supplied of a good changes in response to a change in its price.

Marginal Value

The additional benefit received by consuming or using one more unit of a good or service.