of late 2011,the four major retailers of online music include the iTunes,Napster,Amazon,and Rhapsody.In terms of the form of competition,this industry is an example of a(n)__________.

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The fact that there are only four major retailers in the industry indicates that it is an oligopoly. An oligopoly is a market structure in which a small number of firms dominate the market and can influence the market price of a product or service. This is different from pure competition or monopolistic competition, where there are many firms in the market, and from a monopoly or mega monopoly, where there is only one dominant firm.

Of Late 2011,the Four Major Retailers of Online Music Include