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Explanation / Answer

ANSWER:

SINCE THE FEDERAL COMMUNICATIONS COMMITTEE GIVES LICENSE , IT MEANS THAT THE GOVERNMENT IS CREATING MONOPOLIES HERE AS THEY HAVE THE RIGHT TO GIVE LICENSE TO WHOMSOEVER THEY MAY WISH TO AND THAT IS WHY IT WILL BE OPTION B THAT IS CONTROL OF ESSENTIAL RESOURCES AND IT CAN'T BE OPTION A AS THERE IS NO LEGAL RESTRICTION AS ANYONE CAN APPLY FOR OWNING A RADIO STATION BUT THE APPROVAL CAN ONLY COME VIA THE FCC AND OPTION C IS ALSO NOT RIGHT DUE TO THE FACT THAT AS IT DOESN'T SATISFY THE DEFINITION OF ECONOMIES OF SCALE WHICH MEANS THAT THERE SHOULD BE SAVINGS IN COST DUE TO EXTRA PRODUCTION BUT IN THIS SCENARIO THERE IS NO EXTRA PRODUCTION BUT A APPROVAL BY GOVERNMENT AGENCY IN ORDER FOR ANYONE TO START OPENING A RADIO STATION AND THEREFORE THE CORRECT ANSWER IS OPTION B THAT IS CONTROL OF ESSENTIAL RESOURCES.

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