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sashaice [31]
3 years ago
12

Magical Productions is a large production company that controls a major portion of the television industry's market share along

with two other firms. Despite its competitiveness with the two other firms, it is influenced by their actions and often has to consider their strategic actions before acting on its own. In this scenario, Magical Productions is most likely functioning in a(n) ________ industry.
Business
1 answer:
irina1246 [14]3 years ago
7 0

Answer: Oligopolistic industry

Explanation:

 The oligopolistic industry is basically refers to the market structure where the various types of organizations or firms are dominated by the large industry or sellers.

The oligopolistic industry is one of the type of market where the large firms control and operate various types of functions in the industry.

According to the given question, the magical production is one of the type of large production company and it majorly control all the actions and portion of an organization. Therefore, Oligopolistic industry is the correct answer.

 Therefore, Oligopolistic industry is the correct answer.  

 

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