What Is True of the Newspaper Industry

question 89

Multiple Choice

What is true of the newspaper industry?

• A) In many countries, newspapers hardly have any trouble achieving complete market coverage.
• B) Most U.S. cities have three or four major daily newspapers.
• C) In many countries, there is a time lag before advertisements can be run in a newspaper.
• D) Since there is an indication that the space for advertising is paid for, it is easy to tell exactly how much advertising appears in a given newspaper.
• E) Japan has more than 15 national daily newspapers, but the circulation numbers are low.

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Definitions:

Oligopoly Market Structure

A market form in which a market or industry is dominated by a small number of sellers (oligopolists).

Single Firm

A business entity that is the sole provider of a good or service in a particular market, potentially exhibiting monopoly power.

Large Number of Firms

A characteristic of competitive markets where many firms are present, each having a small share of the market and influencing the price minimally.

Defining Characteristics

The unique attributes or qualities that clearly distinguish a person, object, concept, or phenomenon from others within its category or domain.