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According to Functionalists,the Significance of the Mass Media Is That

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According to functionalists,the significance of the mass media is that it is an important:


Definitions:

Short-Run Situation

A period in which at least one of a firm's inputs is fixed, limiting its capacity to adjust output levels quickly.

Marginal Revenue

The increase in revenue a business gets from the sale of an extra unit of a product or service.

Marginal Cost

The incremental cost of producing an additional unit of a product or service.

Perfectly Competitive

A market structure characterized by many small buyers and sellers, identical products, and no barriers to entry or exit.

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