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Explain Why Competitive Markets Encourage Technological Change

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Explain why competitive markets encourage technological change?


Definitions:

Media Producers

Individuals or organizations responsible for creating and managing content for different media platforms.

Political Constraint Response

The way political actors adapt or react to limitations and pressures in the political environment.

FCC

The Federal Communications Commission, a government agency that regulates interstate and international communications by radio, television, wire, satellite, and cable in the United States.

Structure And Agency

A sociological concept that explores the interplay between the societal structures that influence individuals and their capacity to act independently within those structures.

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