Media Economics

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Questions and Answers

Which market structure in media economics involves a single firm dominating the market and having significant control over pricing and content diversity?

  • Monopoly (correct)
  • Oligopoly
  • Monopsony
  • Perfect Competition

What is the term used to describe the ownership of multiple media outlets by larger conglomerates?

  • Media Consolidation (correct)
  • Oligopoly
  • Perfect Competition
  • Monopoly

Which market structure in media economics involves a few large firms dominating the market and having some control over pricing and content diversity?

  • Oligopoly (correct)
  • Monopsony
  • Perfect Competition
  • Monopoly

Which market structure in media economics involves many small firms competing against each other, with no single firm having significant control over pricing and content diversity?

<p>Perfect Competition (B)</p> Signup and view all the answers

What does media economics refer to?

<p>The study of the financial and economic aspects of the media industry. (B)</p> Signup and view all the answers

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