Question:
The concentration of increasing numbers of media businesses in the hands of a few large companies, is known as
The concentration of increasing numbers of media businesses in the hands of a few large companies, is known as
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Oligopolies often result in limited consumer choices and a high degree of market control by a few players.
Updated On: Sep 18, 2025
- Monopoly
- Duopoly
- Oligopoly
- McDonaldization
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The Correct Option is C
Solution and Explanation
An oligopoly is a market structure in which a few large companies dominate the industry, limiting competition. In media, this term refers to the concentration of media businesses into the hands of a small number of large corporations, leading to reduced diversity in media ownership.
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