In the United States,four major music companies receive 80 percent of recording revenues.Such a market structure is termed as a(n)_____.

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An oligopoly is a market structure where a few large firms dominate the market and have the ability to control prices and output levels. In this case, four major music companies have a significant share of the recording industry revenues, indicating an oligopoly. A monopoly would refer to a situation where there is only one seller in the market. Monopsony refers to a situation where there is only one buyer in the market. A duopoly refers to a situation where there are only two firms dominating the market.

In the United States,four Major Music Companies Receive 80 Percent