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The recorded music industry is dominated by three very large firms: Warner Music Group, Sony BMG, and Universal Music Group. An industry like this which

The recorded music industry is dominated by three very large firms: Warner Music Group, Sony BMG, and Universal Music Group. An industry like this which is dominated (and essentially controlled) by such a small number of firms, where it is difficult to enter the industry as a seller, is generally considered... Multiple Choice Pefectly competitive Monopolistically competitive An oligopoly A monopoly

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