ECO535Week2.docx - 1 Week 2 Apply Signature Assignment...

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1 Week 2- Apply: Signature Assignment: Economic Concentration Evaluation Chad Lewis ECO/535 Christian Teeter December 1 st , 2020
2 Economic Concentration Evaluation – Hollywood Movie Industry Introduction The Hollywood movie industry has sparked the image of rich and famous for millions of fans across the globe and across generations. “ The origin of movies and motion pictures began in the late 1800’s, with the invention of “motion toys” designed to trick the eye into seeing an illusion of motion from a display of still frames in quick succession, such as the thaumatrope and the zoetrope.” ( The History of Hollywood: The Film Industry Exposed (historycooperative.org) ). This analysis will cover how the film industry has evolved through the four factors of production since its start in the late 1800’s. Competition and Pricing In the beginning, movies adapted from moving toys, where the inventor wanted to create an illusion of a moving picture from fast slideshow of still pictures. This created an oligopoly industry where the film makers had price setting and money-making power. It was not until the

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