Type of Attack If One Person Is Randomly Selected

question 39

Multiple Choice

Type of Attack If one person is randomly selected, what is the likelihood that he or she was victimized by a stranger, given that a robbery victim is selected?

• A) 389/505
• B) 389/1,118
• C) 389/2,000
• D) 1,234/2,000

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Definitions:

Natural Monopoly

A market situation where a single supplier is most efficient in producing or supplying goods or services due to high fixed or startup costs.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in the per-unit cost as production increases.

Industrial Regulation

Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.

Economic Reason

Economic reason involves the rationale or logical basis behind economic decisions, focusing on the optimization of resource use to achieve specific monetary or utility outcomes.