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The US Federal Trade Commission filed a complaint against Facebook (n.pdf

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The US Federal Trade Commission filed a complaint against Facebook (now Meta) alleging it is a monopoly although so far the courts disagree. Support your own argument using the following monopoly characteristics: 1. Dominant market share? 2. No close substitutes for the product? 3. Significant barriers to entry? 4. Substantial market power and control over price (monopolists are price makers)? 5. Potential long-run economic profit? List your references using format of your choice..

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The US Federal Trade Commission filed a complaint against Facebook (now Meta) alleging it is a monopoly although so far the courts disagree. Support your own argument using the following monopoly characteristics: 1. Dominant market share? 2. No close substitutes for the product? 3. Significant barriers to entry? 4. Substantial market power and control over price (monopolists are price makers)? 5. Potential long-run economic profit? List your references using format of your choice.

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