Question

Today in the United States (which has no government-owned media) just five companies control 90 percent of media outlets. This is an example of __________.

a) monopoly
b) oligopoly
c) monarchy
d) oligarchy

Answer 1

In the United States, where five companies control 90% of media outlets, this situation is known as an b) oligopoly.

Step-by-step explanation:

Today in the United States, the scenario where just five companies control 90 percent of media outlets is an example of an oligopoly. An oligopoly is a market form in which an industry or sector is dominated by a small number of firms. In contrast, a monopoly exists when only one firm controls an entire industry.

The significant concentration of media ownership within a few large corporations has various implications, which can include a lack of competition, innovation, and diversity in viewpoints and information shared with the public.