is Facebook like Monopoly?

Hey Everone I Need Help In ECONOMICS about school My Question is “Is FAcebook like monopoly?” i dont understand this anybody can pease help me ?

Answer #1

I presume it means is facebook a monopoly? A monopoly is an enterprise which doesn’t have competition or much competition so to speak i.e. it takes the VAST majority of the market share. Based on that you should be able to answer the question.

Answer #2

Thank You Soo Muchhh (:

Answer #3

You’re welcome.

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