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I see this argument a lot for Amazon. monopoly: the exclusive possession or control of the supply of or trade in a commodity or service. Aren't suppliers free
by dhruvkar 6y ago
I see this argument a lot for Amazon.
monopoly: the exclusive possession or control of the supply of or trade in a commodity or service.
Aren't suppliers free to start their own store, drive traffic to it and make money? Aren't suppliers free to list their products on Amazon, Ebay, Craigslist, Etsy, Shopify etc.?
How is this considered a monopoly? I'm actually interested in an answer. I might be missing something.
- Spivak 6y agoI think the strongest case I could make is that the advantage of stores like Amazon (and Target) is customer acquisition. They're where customers go to discover products and comparison shop. The limited resource they control is the supply of customers who are there to buy a specific type of good. And buy favoring certain products they can choose the winners/losers in this game and edge their own products in.