Final answer:
Social media platforms like Meetup have indeed increased the likelihood of people forming social tribes by reducing the transaction costs associated with forming such groups. Therefore given statement is true
Step-by-step explanation:
The statement that social media, such as the online social networking portal Meetup, have increased the likelihood of people forming social tribes by reducing the transaction costs associated with forming such groups is true.
Social media platforms like Meetup provide a virtual space where people with common interests or goals can connect and form social tribes. In the past, forming such groups would require more effort and resources, such as physical meetings or advertisements. However, social media platforms reduce the transaction costs associated with finding and forming these groups, making it easier for people to connect and form social tribes.
For example, on Meetup, people can search for specific interest groups or events in their area and join them with just a few clicks. This reduces the barriers to entry and fosters the creation of social tribes centered around shared interests or activities.