In this assignment you will analyse Facebook. You will take a position on the following statement:

"Facebook is a monopoly and therefore it should be nationalised."

Please ensure you meet the following criteria:

• Your response should be researched thoroughly and your sources should be cited in APA style.
• You should respond to the statement in an essay-style report that clearly outlines your position on the statement and supports your position with research and evidence.
• You should aim to write a minimum of 500 words.

Success Criteria:

You have identified the similarities and differences between types of firms

You have successfully identified the criteria for a monopoly (market structures)

You have identified the role of new technology in markets and consumers