Which of the Following Statements Best Describes the Changing Ownership

question 9

Multiple Choice

Which of the following statements best describes the changing ownership patterns in the American media?

• A) There has been a recent trend toward the homogenization of national news as conglomerates have come to own a larger and larger percentage of media outlets.
• B) There has been a recent trend toward the homogenization of national news as the Telecommunications Act of 1996 has required print media outlets to follow the fairness doctrine.
• C) There has been a recent trend toward the diversification of national news as conglomerates have come to own a smaller and smaller percentage of media outlets.
• D) There has been a recent trend toward the diversification of national news as the Telecommunications Act of 1996 has required print media outlets to follow the fairness doctrine.
• E) There have been no meaningful changes in media ownership patterns over the last 200 years of American history.

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Definitions:

Sunk Cost

Expenses that are already spent and cannot be retrieved or changed by any future activities.

Opportunity Cost

The foregone benefit that would have been derived by choosing an alternative option.

Differential Cost

A future cost that differs between any two alternatives.

Variable Cost Per Unit

The cost that varies with each unit produced, not including fixed costs.