Chapter Three Media Article MySpace Is a Natural Monopoly
URL address: http: www.linuxinsider.com/story/must-read/55185.html
Summary:
This article talks about Myspace. Our economic teacher teaches us that the markets for goods or services are natural monopoly. Myspace is an example of it. Social networking, after all, is simply a peer-to-peer communication network. Users put information about themselves onto a Web page and then link it to pages made by acquaintances.The resulting online network duplicates offline social connections and facilitates communication between the parties. The end-result is simply a hyper-efficient enhancement to traditional word-of-mouth exchanges.Instead of getting together with friends and asking, "Has anybody heard how so-and-so is doing?" social networkers can simply trace the online connections until they find the person in question and learn the latest. Myspace has the largest social network and its value grows as the number of users increases. It also grows as the amount of information it holds increases. Social networks, unlike instant messaging, require a higher level of "investment" from users. They must not only create a list of "friends" but also spend time and energy providing information about themselves. Alternating between multiple social networking sites entails a greater cost than switching between instant messaging programs.
Relationship to chapter:
Natural monopoly is mentioned in this article. Myspace is a natural monopoly. If it was owned by more than one market than there would be a lot of competition between each markets. There would be a lot of people registering for accounts. This would lead to the network to be stuffed with people. Myspace is very famous among people. People might tell other people about Myspace so more people would register for it. Natural monopoly can be applied to natural monopoly. A lot of people around the world uses Myspace to blog about what they want to share to friends and others.
Personal Reflections:
In my own opinion, Myspace is a natural monopoly because there is only one company that owns myspace. If there were a lot of companies that own Myspace, there would be a lot of competition between the companies. The companies would have a lot of money made because of many people registering to Myspace. Myspace is really popular among people so there would be a lot of people registering for one.
Relationship to chapter:
Natural monopoly is mentioned in this article. Myspace is a natural monopoly. If it was owned by more than one market than there would be a lot of competition between each markets. There would be a lot of people registering for accounts. This would lead to the network to be stuffed with people. Myspace is very famous among people. People might tell other people about Myspace so more people would register for it. Natural monopoly can be applied to natural monopoly. A lot of people around the world uses Myspace to blog about what they want to share to friends and others.
Personal Reflections:
In my own opinion, Myspace is a natural monopoly because there is only one company that owns myspace. If there were a lot of companies that own Myspace, there would be a lot of competition between the companies. The companies would have a lot of money made because of many people registering to Myspace. Myspace is really popular among people so there would be a lot of people registering for one.
posted by crystalclear137 @ 3:43 PM
2 Comments:
Well yes I agree that now a days people usually meet online and it’s barely that they would come into a nice small park for a run or a picnic and then meet their 'friendsforever' person there. My Space is the most popular meeting site. I confess that I was drawn to it once, and signed in for the membership, but after I saw how extreme it was, I just quit it. My Space is a natural monopoly in all the ways you say it is. The way you started the blog was kind of weird because first I thought you did not really read an article and just wrote down something that you thought would be right , but then I saw the URL and then I realized that it was a part of an article! I just wanted you to know that your blog is not 400 words long, because I really wanted to read more about it in teenage English rather than some old guy or girl’s English in that URL article you published. But as mush as it is I liked it a lot, it was really interesting!
- By Ruby Saini
My Comments:
MySpace is unquestionably a communication and information network which, like any other kind of network, grows in value with each additional user. And we should noticed all these nature monopolies have one common: They are all networks. If these services can not connect to the other people, they have little value. But after reading the article, my question is that if it’s more efficient to have Myspace as a nature monopoly? There
are also some other companies offer the same kind of program as MySpace does. All these competitions make the market more innovated and activate. And consumers get many choices when they need something which MySpace doesn’t offer.
By J Zhong
Post a Comment
<< Home