An Example of Publishers' Influence on Media Content Came in 1898

question 102

Multiple Choice

An example of publishers' influence on media content came in 1898, when the United States was pushed into war by news of alleged Spanish brutalities against colonial Cuba, as covered in the newspapers of

• A)William Randolph Hearst.
• B)Margaret Pynchon.
• C)Katharine Graham.
• D)Rupert Murdoch.

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Definitions:

Illegal Price-Fixing

An unlawful agreement between competitors to set prices at a certain level, generally resulting in unfair competition and higher prices for consumers.

DuPont Cellophane Case

The antitrust case brought against DuPont in which the U.S. Supreme Court ruled (in 1956) that while DuPont had a monopoly in the narrowly defined market for cellophane, it did not monopolize the more broadly defined market for flexible packaging materials. It was thus not guilty of violating the Sherman Act.

Relevant Market

The market segment in which a company competes, defined by its products, customers, and geographic area.

Structure Versus Behavior

A distinction in competition policy and economic regulation focusing on the organization and arrangements of firms (structure) versus their actual conduct (behavior) in the market.