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Which of the following is the market structure of the media industry?

  • Question 19c of 25 - Market structures

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of the following is the market structure of the media industry?
  • Answers:
  1. Oligopoly.
  2. Monopoly.
  3. Monopolistic competition.
  4. Pure competition.

The correct answer is: Oligopoly. Nearly all of the media industry is controlled by a few large companies, and there are significant barriers to entry in this market.

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