Claire works in the film industry as a publicity assistant for a division of Time Warner. There are a number of competitors in her industry, but it is limited to about eight major companies. What kind of structure BEST describes Claire's industry?

Question

Desmond Keller

Business

3 August, 03:11

Claire works in the film industry as a publicity assistant for a division of Time Warner. There are a number of competitors in her industry, but it is limited to about eight major companies. What kind of structure BEST describes Claire's industry?

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Answers (1)

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Francis Pollard · Answer 1

Oligopoly

Explanation:

There are a few interdependent companies dominating the market in an oligopoly market structure. Depending on their rivals, they are likely to change their prices.

It is said to be extremely focused when a market is shared between a few companies.

While only a few companies dominate, many small companies may also be able to function on the market.