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?
- Centralization of ownership.
- Government agencies.
- The Internet revolution.
- 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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