In Dealing with a Fairness Doctrine Demand for Access to Editorial

question 12

Multiple Choice

In dealing with a Fairness Doctrine demand for access to editorial advertising, the Supreme Court stated that broadcast stations

• A)must grant time for all viewpoints having significant support in their communities.
• B)must grant time for advertorials for supporters of political candidates only.
• C)must accept ads for products that also appear on cable or in print.
• D)may not refuse ads if advertisers can pay for them.
• E)retain the right to exercise editorial judgment.

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Definitions:

Barriers to Entry

Factors that prevent or hinder companies from entering a particular market or industry.

Gas Station

A commercial outlet that offers gasoline and motor oil for automobiles.

Economic Profit

Profits earned by a firm after accounting for both explicit costs and opportunity costs.

Cartel

A group of independent companies that collaborate to control prices and production in order to monopolize a market.