Question

The business arrangement in the newspaper industry in which two separately owned papers in the same city are permitted to combine their business and production operations is called a ______. Group of answer choices consensus operation (CO) multiple-system operation (MSO) duopoly joint operating agreement (JOA) oligopoly

Answer 1

Answer:duopoly joint operating agreement (JOA)

Step-by-step explanation:

A joint operating agreement, refers to an agreement that occurs when two or more mineral operations decided to work together in sharing their resources and expertise in the industry. The contract is a legal guidance in their joint venture whilst the companies still keep their unshared identity.

JOAs are good at guiding both parties in terms of how they will go about exploration and production and how they will split the revenue.