An example of __________ is the music industry, in which a few giant companies are behind many of the labels and artists known to consumers.

Name: An example of __________ is the music industry, in which a few giant companies are behind many of the labels and artists known to consumers.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

An oligopoly is a market structure in which a few large firms dominate the market. In this example, a few giant companies dominate the music industry, controlling many of the labels and artists known to consumers.

An Example of __________ Is the Music Industry, in Which