__________ Are People and Groups That Decide Which Messages Pass

question 29

Short Answer

__________ are people and groups that decide which messages pass through the gates of information control to reach us.

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Definitions:

Marginal Cost

The uptick in aggregate cost due to the output of an extra unit of a product or service.

Monopolist

An entity that is the sole provider of a particular product or service in a market, possessing significant market power and control over prices.

Output

The amount of goods or services produced by a person, machine, factory, or company within a certain period.

Demand Schedule

A diagram indicating the volume of goods or services that consumers can and will buy at assorted prices.