As an example of
Blank
______, the Federal Communications Commission licenses only so many radio and television stations in each geographic area.

Question

As an example of 
Blank
______, the Federal Communications Commission licenses only so many radio and television stations in each geographic area.

BlackTom AI · Accepted Answer

The question presents a statement about how the Federal Communications Commission licenses radio and television stations within geographic areas, asking which concept this exemplifies.
Option 1: price regulation. This refers to government control over prices for goods or services, not limits on the number of licenses or entrants. It does not capture the idea of restricting entry into a market via licensing.
Option 2: market segmentation. Market segmentation involves dividing a market into distinct groups of buyers with different needs or characteristics to tailor offerings. It does not address licensing or entry barriers in broadcasting.
Option 3: barriers to entry. This term describes obstacles that prevent new firms from entering a market easily, such as scarce licenses, spectrum availability, or regulatory permissions. Limiting the number of radio/TV licenses in an area is a classic example of a barrier to entry, as it restricts competition and who can operate.
Option 4: price deregulation. Deregulation of prices removes price controls, which is the opposite of licensing restrictions and does not relate to limiting the number of entrants.
Option 5: price discrimination. This concept involves charging different prices to different customers for the same product or service, not about restricting market access or licensing.
In summary, only option 3 aligns with the idea of constraining the number of entrants through regulatory licensing, while the others describe pricing or market structure concepts that do not fit this situation.

As an example of Blank ______, the Federal Communications Commission licenses only so many radio and television stations in each geographic area.

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