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8 April, 21:31

The movie industry is an example of which of the following market structures?

a) oligopoly

b) monopoly

c) perfect competition

d) monopolistic competition

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Answers (1)
  1. 8 April, 21:55
    0
    I believe the answer is Oligopoly.

    Oligopoly refers to the market where all products is made by small number of producers/Sellers.

    In current united States movie industries, the majority of the most profitable movies are controlled by only 6 Companies.
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