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The media industry is characterized by an oligopolistic market …

  • Question 19b of 25 - Market structures

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: The media industry is characterized by an oligopolistic market structure because of which of the following?
  • Answers:
  1. Centralization of ownership.
  2. Government agencies.
  3. The Internet revolution.
  4. Innovative entrepreneurs.

The correct answer is: Centralization of ownership. Nearly all of the media industry is controlled by a few large companies that own a variety of media sources.

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