Evaluate the Three Types of Traditional (I

question 24

Essay

Evaluate the three types of traditional (i.e., nondigital) news sources in the United States. What are some of the distinct characteristics of each medium? How do the sources differ from each other in terms of the ways in which they disseminate news as well as the audiences they reach?

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Definitions:

Constant-cost Industry

An industry in which the costs of production, including the costs of inputs, do not change as the industry's total output changes.

Demand for Resources

The desire and willingness to purchase or acquire resources based on their contribution to production or utility.

Output Increases

A rise in the amount of goods or services produced by a company or economy.

Price-taker Firm

A company that has no control over the market price and must accept the prevailing market price for its products.