The merger between XM and Sirius Satellite Radios required approval from the Justice Department because it was argued that the merger would create a(n)___________.
A) Market Space
B) Partnership
C) Monopoly
D) Oligopoly
E) Target market

Question

Quizplus · Accepted Answer

The term "monopoly" refers to a market structure where there is only one supplier of a particular product or service, giving them complete control over the market. The potential merger between XM and Sirius Satellite Radios had the potential to create a monopoly in the satellite radio industry, hence the need for approval from the Justice Department.

The Merger Between XM and Sirius Satellite Radios Required Approval