In 2012,the four major retailers of online music include the iTunes,Amazon,Napster,and Rhapsody.In terms of the form of competition,this industry is an example of a(n)__________.
A)monopoly
B)mega monopoly
C)pure competition
D)oligopoly
E)monopolistic competition

Question

Quizplus · Accepted Answer

The fact that there are only four major retailers indicates that this is an oligopoly, which is characterized by a small number of firms dominating the market.

In 2012,the Four Major Retailers of Online Music Include the ITunes,Amazon,Napster,and