Which of the following best explains why the media industry is characterized
by an oligopolist...
Business, 22.02.2020 09:07, kcarstensen59070
Which of the following best explains why the media industry is characterized
by an oligopolistic market structure?
O
A. There are many innovative entrepreneurs in the media.
O
B. Centralization of ownership has led to an industry controlled by a
few large companies.
O
C. Government licensing allows media companies to have a near
monopoly.
O
D. It is impossible for any company to compete with a local media
company
Answers: 1
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