The music streaming industry, where a firm's profitability depends on its interactions with other firms, is an example of

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The fact that a firm's profitability in the music streaming industry depends on its interactions with other firms indicates that this is an example of an oligopoly, where a few large firms dominate the market and have the ability to influence prices and market outcomes. Perfect competition involves many small firms that have no market power, while monopolistic competition involves many firms that offer differentiated products. A monopoly involves a single firm that has full market power.

The Music Streaming Industry, Where a Firm's Profitability Depends on Its