Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by symlinkk on Tuesday September 26, 2023 @04:10PM
(#37665185)
Amazon does not have a monopoly on online shopping that’s absurd. Chewy, Wayfair, Target, Walmart, AliExpress all are huge competitors.
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Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by dragonwriter on Tuesday September 26, 2023 @04:30PM
(#37665410)
> Amazon does not have a monopoly on online shopping that’s absurd.
“That's absurd” is an inadequate rebuttal to pp. 39-71 of the complaint detailing the basis for thr claim Amazon has durable market power in two relevant markers.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by kortex on Tuesday September 26, 2023 @05:11PM
(#37665859)
We need to move away from the term "monopoly" (which may not literally be a mono) and towards anti-competitive.
Re:FTC Sues Amazon for Illegally Maintaining Monopoly Power
by dragonwriter on Tuesday September 26, 2023 @05:23PM
(#37665980)
> We need to move away from the term "monopoly" (which may not literally be a mono) and towards anti-competitive.
Anti-trust rules cover both, with a (difficult to apply, but relatively well-developed) concept of “monopoly” which ultimately boils down to whether or not substitution happens in practice rather than whether there is exactly one firm ina descriptive market. There's no need to “move away” from one to the other.
https://www.ftc.gov/advice-guidance/competition-guidance/gui...