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The television broadcast industry consists of just a few very large companies. Despite the large number of different channels & shows available on-the-air and on-cable, only 5 corporations account for over 90% of all shows. There are significant barriers to entry. The firms have large staffs devoted to researching what their competitors are planning to do. What market structure best describes this industry?
Select one:
a. oligopoly
b. perfect competition
c. monopolistic competition
d. monopoly
e. monopsony
Do you think Madison would have been in favor of government enforced property distribution to control factions?
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