The television industry in the United States is controlled by seven giant corporations: The Walt Disney Company,CBS Corporation,Viacom,Comcast,Hearst Corporation,Time Warner,and News Corporation.Thus,the television industry in the U.S.is a typical _____ industry.

Question

Quizplus · Accepted Answer

The presence of seven giant corporations controlling the entire television industry in the US suggests that it is an oligopolistic industry. In an oligopoly, a small group of firms dominates the market and influences prices and other market factors, creating a highly concentrated industry.

The Television Industry in the United States Is Controlled by Seven