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Discuss Advantages and Disadvantages of Digital Audio Broadcasting

question 35

Essay

Discuss advantages and disadvantages of digital audio broadcasting.


Definitions:

World Price

The price at which goods trade on the international market, reflecting the global balance of supply and demand for those goods.

Import

Goods or services that come into a country from abroad for sale.

Consumer Surplus

The difference between the maximum price a consumer is willing to pay for a product and the actual price they do pay.

Producer Surplus

The difference between the amount producers are willing to accept for a good or service and the actual amount they receive, due to market prices being higher.

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