Reality Entertainment, Inc is a major producer of reality TV programming. The company faces fierce competition from three other major producers of similar shows. Together, Reality Entertainment and its three rivals control almost the entire reality TV programming. Their market environment is called:

Respuesta :

Answer:

Oligopoly

Explanation:

Based on the information provided within the question their market environment is known as an Oligopoly. This type of market is a form in which a market or industry is dominated by a small number of really large and powerful sellers. Which in this situation the small number of large companies are the three major producers who are acting as competition.

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