Answer :
The correct answer would be, If the kind of music he releases is appealing to a significant number of consumers, then he will sell enough products to keep growing his record label.
A friend is trying to start a record label but becomes worried because he feels that a few powerful record companies have created an oligopoly. I will advice him to release the appealing music that catch the attention of consumers.
Explanation:
Oligopoly is a market structure in which there are few producers of a product. The competition between the producers is very high and the new entrant in this type of market may face intense competition even at the start of the business.
So if my friend wants to remain in the business, he must release the appealing music that catch the attention of people at once, in this way his product will keep on selling without the fear of competition.
Learn more about Oligopoly at:
https://brainly.com/question/4132853
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