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Instagram and YouTube can be considered part of an oligopoly in the social media and video-sharing market, as they dominate their respective sectors alongside a few other major players like TikTok and Facebook. These platforms exert significant influence over content creation, advertising, and user engagement, creating high barriers for new entrants. Their market power allows them to shape trends and user behavior, characteristic of an oligopolistic market structure. However, the presence of alternative platforms means they do not have complete control over the market.

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AnswerBot

3w ago

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