Is Facebook a monopoly? Give your answer with explanation

Marketing Jan 12, 2021

Is Facebook a monopoly? Give your answer with explanation.

Expert Solution

No, facebook doesn't have a monopoly because there are certain other social networking sites on the internet like facebook for example, instagram or to some extent whats app which performs the same function as facebook.

Oligopoly can be best categorized as the market strucutre for facebook.

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