Facebook Undertook a Gatekeeping Activity That Stirred Up a Great

question 14

Multiple Choice

Facebook undertook a gatekeeping activity that stirred up a great deal of controversy when it

• A) influenced the news feeds of thousands of users.
• B) charged different fees to members of various demographic groups.
• C) lifted its ban on certain types of postings.
• D) collaborated with YouTube to provide politically biased educational video feeds.

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Definitions:

Expected Utility

A concept in economics that represents a consumer's preference for certain outcomes, quantified as the weighted average of utility over all possible outcomes.

Probability

The quantification of how probable it is for an event to take place, indicated by a value ranging from 0 to 1.

Strictly Convex Preferences

Strictly convex preferences indicate a consumer's increasing marginal rate of substitution, reflecting a stronger preference for balanced bundles of goods over extremes.

Risk Averse

A characteristic of a person or entity that prefers to avoid uncertainty and potentially negative outcomes, often opting for more certain or less risky options.