In 2000,government regulators feared that the merger deal between media giant Time Warner and America Online would result in a(n)________,a market or industry in which there is only one producer.
A) oligopoly
B) cartel
C) monopoly
D) alliance

Question

Quizplus · Accepted Answer

A monopoly is a market where there is only one seller, who has complete control over the supply of a particular commodity or service. The government regulators feared that the merger between Time Warner and AOL would lead to the formation of a monopoly in the media industry, as the combined company would have too much control over the distribution of digital and online content. A monopolistic market structure can lead to reduced competition, higher prices, and reduced consumer welfare.

In 2000,government Regulators Feared That the Merger Deal Between Media