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The segment discusses the convenience that comes with technology monopolies. Some might argue that companies like Google, Twitter or Facebook are natural monopolies, or that
- The segment discusses the "convenience" that comes with technology monopolies. Some might argue that companies like Google, Twitter or Facebook arenatural monopolies, or that these industries are more efficient than the alternative of competition.Discuss one of the following statements.
Facebook (or Twitter) is a network good because its value to consumers increases when the number of users on its platform is higher. If these firms were to be broken up, their value as social media platforms would decrease because their user bases would shrink.
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