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Reality Entertainment, Inc is a major producer of reality TV programming. The company faces tough competition from three other major producers of similar shows. Together, Reality Entertainment and its three rivals control almost the entire reality TV programming. Explain about the degree of competition that exists according to this example.

Respuesta :

temdan2001

Answer: An Oligopoly

Explanation:

An Oligopoly is a market situation where there are few sellers of a product or service and each seller supplies a large percentage of all the products sold in the marketplace.

From the example in the question, we have just four companies in the Reality TV Programming

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