The entertainment industry in the United States is dominated by Viacom, Disney, and Time Warner. In terms of the form of competition, this industry is an example of

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An oligopoly is a market structure in which a few large firms dominate the market. Viacom, Disney, and Time Warner are dominant players in the entertainment industry, indicating that it is an oligopoly. A monopoly would involve a single firm controlling the industry, a pure competition would have many small firms competing, and monopolistic competition would involve many firms offering differentiated products to varying degrees. A mega monopoly is not a recognized economic term.

The Entertainment Industry in the United States Is Dominated by Viacom