Technological change is decreasing competition in the market for media.

Question

Quizplus · Accepted Answer

Technological change has actually increased competition in the market for media. With the rise of digital platforms and social media, anyone can now create and distribute content, which has led to more players entering the market and increasing competition. However, traditional media companies may face challenges adapting to these changes and may see a decrease in their market share.

Technological Change Is Decreasing Competition in the Market for Media