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Question 6 (2 pts)

An example of __________ is the music industry, in which a few giant companies are behind many of the labels and artists known to consumers.

A. shared monopoly
B. oligopoly
C. conglomerate
D. monopoly



Answer :

GinnyAnswer

Final answer:

Oligopoly in the music industry is demonstrated by major record labels controlling production, distribution, and marketing of music.


Explanation:

Oligopoly is a market structure in which a few large companies dominate an industry's production and distribution. In the music industry, the presence of major record labels like EMI, Sony Music Entertainment, Universal Music Group, and Warner Music Group exemplifies this oligopolistic market structure. These few firms have significant control over the promotion, marketing, and distribution of music, influencing what reaches consumers.


Learn more about Oligopoly in the music industry here:

https://brainly.com/question/37530521


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