Examlex
Name three conventions of objective-style journalism. Briefly explain how each convention can lead to a certain bias in a news report, resulting in some angles being privileged and others being dismissed.
Economic Profits
The financial gain achieved when revenues exceed both explicit and implicit costs.
Oligopoly Model
A market structure characterized by a few firms dominating the market, leading to strategic interactions in pricing and production.
Cournot
Refers to a model of duopoly competition in which companies choose quantity to produce independently, influencing the market price.
Nash Equilibrium
An idea in game theory where a player cannot benefit by changing their own strategy alone, assuming the strategies of other players are constant.
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