Citizen Journalists Often Create _______, Which Comment on an Event

question 58

Multiple Choice

Citizen journalists often create _______, which comment on an event while it is taking place.

• A) live blogs
• B) webcasts
• C) webinars
• D) podcasts

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Definitions:

Economic Profits

The financial gain exceeding the total costs, including both the explicit and implicit costs, of a business operation.

Long Run

A period in economics sufficient for all markets to adjust to equilibrium, including the production and entry and exit of firms.

Economic Profit

The financial margin that results from subtracting a business's complete costs, covering both explicit and implied ones, from its total income.

Profit-Maximizing Price

The price at which a company can achieve the maximum possible profit while selling its products or services, considering the market demand and production costs.