On the surface, it may appear foolish to paint Amazon as a monopoly given that it provides consumers access to seemingly endless amounts of products at low prices from a wide array of suppliers/third-party sellers. The issue of Amazon’s market power is a more complex one. Discussions of whether big tech companies wield monopoly power have been growing in intensity, exemplified by the recent FTC lawsuit against Facebook. ![]() In October 2020, the US House Democrats’ antitrust subcommittee published a 449-page report describing their view that big tech companies Apple, Facebook, Google and Amazon possess unfair market power.
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