What are the conditions that must hold for "revealed preference" to be a relevant measurement? In an economy dominated by cartels it would not seem to convey much information relevant to preference, given lack of consumer choice.
Very true, and also, no businesses are literally forced (by the law or otherwise) to use social media. They voluntarily do it for the imagined or real business benefits.
Well you realize that kids aren’t on Facebook right?
And if kids hated social media so much as a group, they could just use group text messages - especially with RCS and 80% of US teens owning iPhones anyway.
