Question

The movie industry is an example of which of the following market structures?

a) oligopoly
b) monopoly
c) perfect competition
d) monopolistic competition

Answer 1

I believe the answer is Oligopoly.
Oligopoly refers to the market where all products is made by small number of producers/Sellers.
In current united States movie industries, the majority of the most profitable movies are controlled by only 6 Companies.