The Movie Industry in a Country Is Controlled by Six

question 79

Multiple Choice

The movie industry in a country is controlled by six large studios that receive 90 percent of the annual revenues from movies. This is an example of a(n) ________.

• A) pure competition
• B) monopolistic competition
• C) oligopolistic competition
• D) pure monopoly
• E) government monopoly

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Definitions:

Pure Capitalism

An economic system purely driven by market forces with minimal governmental intervention, where private individuals and firms control the production and distribution of goods.

Central Planning

An economic system where key decisions about production, distribution, and consumption of goods and services are made by the government or a central authority.

Shift Inward

A situation in economics where the supply curve moves towards the origin, indicating a decrease in supply at every price level.

Unemployment Rate

The number unemployed as a percentage of the labor force.