Multiple Choice
Reality, Inc. is a major producer of reality television shows. The company faces fierce competition from three other major producers of similar shows. Together, Reality, Inc. and its three rivals control almost all of reality television. 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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