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What is it called when a few large companies control an industry?
Wiki User
∙ 13y ago
This is known as an oligopoly. They often work as a mechanism between companies to reduce competition and inflate prices for consumers.
Wiki User
∙ 9y ago
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What best explains why the media industry is caracterized by an oligopolistic market structure?
Centralization of ownership has led to an industry controlled by a few large companies
What are pure competition companies?
Pure competition companies are companies have no control of the price of their product. Their product is standardized throughout all of the companies selling it. There are large numbers of both buyers and sellers of the product.
Which of the following best explain why the media industry is characterized by an oligopolistic market structure?
centralization of ownership has led to an industry controlled by a few large companies. apex :)
What is large scale industry and what are the problems of large scale industry?
huge profit then large competitions ect.....
A market where a few large suppliers control the supply of a product is called?
Oligopoly.
The control of a commodity or service by a small number of large powerful companies is called?
monopoly
What did socialists believe?
that society at large should control industry and wealth... novanet :)
What is the media industry is controlled by?
A few large companies..
What controls nearly all of the media industry?
A few large companies
What industry do a large number of companies in the NASDAQ belong to?
With a great proportion of its companies in the high-tech field
What is consolidated industry?
As an industry matures, fragmentation overcomes and industry tends to become a consolidated industry dominated by a few large companies. If a small number of firms controls a large share of the industry's output or sales, it is a consolidatedindustry.
What is event industry?
The event industry is an industry that plans large events for companies and corporations. It takes a person savvy in marketing and promotions to make it in this industry.
Did Socialists believe that society at large should control industry and wealth?
Yes
What types of companies is the crushed and broken granite industry composed of?
The industry is composed primarily of small independent operators, with a few large companies producing a significant percent of total granite output.
What best explains why the media industry is caracterized by an oligopolistic market structure?
Centralization of ownership has led to an industry controlled by a few large companies
What type of companies led the synthetic rubber industry?
Most of the major players in the U.S. synthetic rubber industry are large, diversified chemical companies, producing a wide variety of products not limited to elastomers.
How did Andrew carnegie gain control of a large percentage of steel industry?
I'm not sure?
