Multiple Choice
Reality Entertainment,Inc is a major producer of reality TV programming.The company faces fierce competition from three other major producers of similar shows.Together,Reality Entertainment and its three rivals control almost the entire reality TV programming.Their market environment is called:
A) An oligopoly.
B) A duopoly.
C) Monopolistic competition.
D) A quasi-monopoly.
Correct Answer:
Verified
Correct Answer:
Verified
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