4 ms·
Monopoly: "the exclusive possession or control of the supply or trade in a commodity or service." Not sure how increasing competition in any space creates a mo
by zerotolerance 9y ago
Monopoly: "the exclusive possession or control of the supply or trade in a commodity or service."
Not sure how increasing competition in any space creates a monopoly.
- SmooL 9y agoI believe in the implication is that Amazon will cut out the competition because of its cost advantage, leading towards a monopoly, not unlike what it's (trying) to do in many other sectors.
- dredmorbius 9y agoThere's a difference between a new entrant appearing, and a firm with a monopolistic presence in one (or more) areas extending vertically into others. Note that Amazon has a distinct and proven track record of utilising its monopoly position to squeeze competing and complementary firms in other spaces. Notably with Hachette. http://www.latimes.com/books/jacketcopy/la-et-jc-amazon-and-hachette-explained-20140602-story.html http://www.latimes.com/books/jacketcopy/la-et-jc-amazon-and-...
- nerfhammer 9y ago"monopoly" is just a moral classification for something that is "big" now. It doesn't mean lack of competition or have any other strict definition anymore.