What distinguishes a new media from the old media?
The major difference between mass media and social media is this; the mass media puts the audience in a passive position. Social media puts the audience at the center. ... Even brands are on social media, they organise social media marketing campaigns and interact with their existing or potential customers.
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In which of the following situations will market clearing price decrease and the equilibrium quantity increase?
A) an increase in demand with no change in supply B) an increase in supply with no change in demand C) a decrease in supply with no change in demand D) a decrease in demand with no change in supply
Games:
A. will always have a dominant strategy. B. are always zero sum. C. will always have several stable outcomes. D. None of the above are true.
In a competitive market, maximum efficiency is achieved because of:
A.) Competitive pressure on prices. B.) Differentiated products. C.) High barriers to entry. D.) Significant market power.
The concept of the margin decision deals with:
A) engaging in unethical activities. B) making difficult choices. C) making incremental choices. D) choosing all or none of something.