Analysis of whether a company is a monopoly should involve things other than market domination, for example anticompetitive behavior like buying all competitors. Even if you feel you have a choice as a consumer, the analysis of whether Facebook or any company has an economically detrimental monopoly should include their actions to stifle competition and achieve pricing power.
Analysis of whether a company is a monopoly should involve things other than market domination, for example anticompetitive behavior like buying all competitors. Even if you feel you have a choice as a consumer, the analysis of whether Facebook or any company has an economically detrimental monopoly should include their actions to stifle competition and achieve pricing power.