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Isn’t the fact that Amazon is so open and notorious in their price fixing agreements evidence of their oversized market power? Everyone knew what Standard Oil a
by elliekelly 5y ago
Isn’t the fact that Amazon is so open and notorious in their price fixing agreements evidence of their oversized market power? Everyone knew what Standard Oil and Ma Bell were doing, too. But what were consumers and competitors supposed to do about it? When you have monopoly power you don’t need to put effort into hiding it from consumers or the market so much as you need to put effort into appeasing the politicians who oversee the DOJ.