Which One of the Following Is an Example of Media

question 77

Multiple Choice

Which one of the following is an example of media convergence?

• A) The tendency of news media to focus on local stories
• B) The use of tablets to access different forms of traditional media, like books and movies
• C) The theory that there are more and more media outlets
• D) The way media coverage tends to follow a mob mentality in reporting
• E) The idea that every media format will eventually be replaced by another

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Definitions:

Marginal Revenue

The additional income that is generated by increasing product sales by one unit.

Marginal Cost

The cost incurred by producing one more unit of a good or service.

Socially Optimal Price

A price level for goods or services that considers the wellbeing of society as a whole, often factoring in externalities.

Deadweight Loss

The diminishing of economic efficiency when equilibrium in the free market for a product or service is not attained.