The Reason the News Product Is Designed to Fascinate as Well

question 6

Multiple Choice

The reason the news product is designed to fascinate as well as to inform is

• A)that news organizations are fundamentally businesses and must obtain revenue to survive.
• B)of the high level of illiteracy.
• C)that the print media wish to emulate the broadcast media.
• D)of the need to compete with Hollywood productions.
• E)None of these answers is correct.

---

Definitions:

Surplus

The amount of a good that is available exceeds the quantity demanded at the current price.

Price

Price is the amount of money required to purchase a good or service, determined by factors such as supply and demand, production costs, and market competition.

Surplus

Surplus refers to the situation where the quantity of a good or service supplied exceeds the quantity demanded, often leading to a decrease in prices.

Producer Surplus

Producer surplus is the difference between what producers are willing to accept for a good or service and the actual price they receive, reflecting the profit earned above production costs.