Despite living in a relatively large American city, Garrett can purchase only one daily newspaper published in his location, and the cable channels he watches belong to a monopoly. Similarly, his favorite commercial radio stations are part of national ownership groups. This marketplace, in which media ownership and diversity is severely limited, is known as a(n) __________.

Question

Quizplus · Accepted Answer

The situation described in the scenario is characteristic of a media oligopoly, in which a few large corporations control the majority of media outlets in a given market. This can limit consumer choice and diversity of perspectives in the media landscape. Corporate convergence, economic empire, and business oligarchy do not accurately describe this situation.

Despite Living in a Relatively Large American City, Garrett Can