Question

The concentration of increasing numbers of media businesses in the hands of a few large companies, is known as

• A. Monopoly
• B. Duopoly
• C. Oligopoly
• D. McDonaldization

Hint:

Oligopolies often result in limited consumer choices and a high degree of market control by a few players.

Answer 1

The Correct Option is C

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.