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I find this argument overly theoretical and unsupported. Book selling isn't a natural monopoly. If Amazon dumped books and forced out everyone, can they really
by csee 5y ago
I find this argument overly theoretical and unsupported. Book selling isn't a natural monopoly. If Amazon dumped books and forced out everyone, can they really then use that monopoly status to raise prices? The market has a fairly low barrier to entry and any attempt to have high margin pricing would be met with new competition pretty quickly.
- lapinot 5y ago> can they really then use that monopoly status to raise prices? No, they can use this monopoly status to extract data or otherwise bully consumers (which they do). Private monopolies are inherently bad.
- csee 5y agoYeah I agree with that. I just don't think they can dump books effectively.