Which of the Following Statements About the FCC and "Fleeting

question 37

Multiple Choice

Which of the following statements about the FCC and "fleeting expletives" in live TV shows is not true?

• A) The FCC fining flurry was partially in response to campaigns against Howard Stern's vulgarity and the Janet Jackson exposed-breast incident.
• B) In 2006, Congress increased the FCC's maximum allowable fine to $325,000 per incident.
• C) In 2010, a federal appeals court rejected the FCC's policy on the basis that it was too vague.
• D) In 2010, a federal appeals court rejected Congress's increase of the FCC's maximum allowable fine.
• E) All of the options are correct.

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Definitions:

Equilibrium

When aggregate demand equals aggregate supply.

MC = MR

A principle in economics stating that profit maximization occurs when a firm's marginal cost (MC) equals its marginal revenue (MR).

Marginal Revenue

The additional income gained from selling one more unit of a good or service.

Marginal Revenue

The extra revenue earned by selling an additional unit of a product or service.