Discuss the regulation and issues regarding social media platforms using microeconomic analysis.
Over time, regulatory bodies in different countries have cited increasing cases of obscenities and dangerous activities in social media content to justify bans on social media platforms. Psychological studies have shown that popular social media apps are addictive and mimic the role of dopamine (the feel-good hormone) in our bodies. Explain why content on social media platforms like TikTok becomes more and more inappropriate over time. What is going to happen to the nature of content in this space in the future?