Which controls almost all of the media industry?
a few large companies
small broadcasters
government agencies
innovative entrepreneurs
Answer:
The correct answer is a few large companies.
Explanation:
If we pay attention to the media around us, we can see that there is no single company that dominates it, but rather it is a few large companies that control this market.
This means that this group of companies continuously compete with each other so as not to let any of the others get all the attention.
This type of structure is called oligopoly. As mentioned before, only a few companies participate in an oligopoly, since if there were many, what each company does would have no impact on what the others do. And this is not the case of the media industry, since there are not many companies dedicated to this. Therefore, larger companies must constantly compete with each other to prevent others from being more successful.
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