Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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Research on the Question: Will the Social Media Market be Competitive in the Long Run and can Short-Term Monopoly Benefit the Social Media Market?

Take Facebook and TikTok as Examples

Authors
Xiaotong Wu1, *, Mian Wang2, Xinyue Chen3
1Hangzhou Foreign Language School, Hangzhou, 310023, China
2Xiamen No.2 High school, Xiamen, 361000, China
3Ningbo Foreign Language School, Ningbo, 315121, China
*Corresponding author. Email: 158343369@qq.com
Corresponding Author
Xiaotong Wu
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_142How to use a DOI?
Keywords
Monopoly; competition; TikTok; Facebook; time periods
Abstract

Today, the social media markets are thriving and there is a certain degree of monopolistic power in this market. To figure out more about the monopoly, this article depicts the influences of monopoly in this industry and whether social media market is still competitive in the long run. Besides, this work will mainly combine arguments and tables with the real issues related to Facebook and TikTok in the social media industry and the paper will also analyse the diverse effects of monopoly in the industry. The results of this paper show that despite the existence of monopoly in the short run, social media industry is still very competitive in the long run and the short-run monopoly can actually bring several benefits to consumers. The significance of this paper is to show detailedly about the situation of monopoly in social media markets in a way of focusing on different time periods.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_142How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Xiaotong Wu
AU  - Mian Wang
AU  - Xinyue Chen
PY  - 2022
DA  - 2022/12/27
TI  - Research on the Question: Will the Social Media Market be Competitive in the Long Run and can Short-Term Monopoly Benefit the Social Media Market?
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1252
EP  - 1259
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_142
DO  - 10.2991/978-94-6463-098-5_142
ID  - Wu2022
ER  -