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Reality Entertainment, Inc is a major producer of reality TV programming. The company
faces fierce competition from three other major producers of similar shows. Together,
Reality Entertainment and its three rivals control almost the entire reality TV
programming. Their market environment is called:
a) An oligopoly.
b) A duopoly.
c) Monopolistic competition.
d) A quasi-monopoly.

Respuesta :

vintage0000
Your answer is b) A duopoly,

The reason for this is because Reality Entertainment, Inc and it’s rivals that control almost the entire Reality TV, face fierce competition which is a duopoly

Thanks

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