Which of the Following Does the Production System in Hollywood

question 58

Multiple Choice

Which of the following does the production system in Hollywood today share with that of golden age studio system?

• A) Both engage in vertical integration.
• B) Both systems have DreamWorks and Sony as major studios.
• C) Both employ large numbers of contract employees in the creative arts and crafts.
• D) Both compel independent producers to distribute movies through them if they want to reach the largest possible audience.
• E) They both have rigidly structured factory operations.

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Definitions:

Common Resource

A type of good that provides benefits to many individuals, but which has the potential to be depleted or overused because it is not excludable.

Inefficient Allocation

A situation where resources are not distributed or utilized in a way that maximizes potential output or welfare.

Decision Makers

Individuals or groups responsible for making choices that determine the course of actions to be followed by an organization or system.

Public Good

A public good is a good that is both non-excludable and non-rivalrous, meaning individuals cannot be effectively excluded from use and use by one does not reduce availability to others.