All of the Following Statements About Facebook Are True Except

question 151

Multiple Choice

All of the following statements about Facebook are true except:

• A)number of teens on Facebook has declined over 25 percent in the last 3 years.
• B)number of individuals 55 or older has increased 80 percent.
• C)Facebook generates about $1 billion in advertising revenue.
• D)Facebook has over 1.2 billion users worldwide.

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Definitions:

Entry Barriers

Entry barriers are obstacles that make it difficult for new competitors to enter an industry or market, which includes factors like high initial investment, strict regulations, and strong incumbency advantages.

Mutual Interdependence

A situation in oligopoly markets where the actions of one firm directly affect and are affected by the actions of other firms.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for significant influence over price.

Countervailing Power

The theory that competitive markets can be achieved through balancing the power of large companies by organizing a counterforce, such as labor unions or government regulations.