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25 May, 23:00

Claire works in the film industry as a publicity assistant for a division of Time Warner. There are a number of competitors in her industry, but it is limited to about eight major companies. What kind of structure BEST describes Claire's industry?

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  1. 26 May, 02:52
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    Oligopoly

    Explanation:

    There are a few interdependent companies dominating the market in an oligopoly market structure. Depending on their rivals, they are likely to change their prices.

    It is said to be extremely focused when a market is shared between a few companies.

    While only a few companies dominate, many small companies may also be able to function on the market.
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Home » Business » Claire works in the film industry as a publicity assistant for a division of Time Warner. There are a number of competitors in her industry, but it is limited to about eight major companies. What kind of structure BEST describes Claire's industry?
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