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?
- Monopolistic competition.
- 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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