Amazon a Monopoly

With everyone using Amazon, due to its convenience of just making a couple of clicks and buying an item, it is quickly becoming a monopoly. The reason it is becoming a monopoly is because of the convenience of buying something online through the website as well as its very low prices which sets Amazon apart from past monopolies where the company could raise the price as high as it wanted because there was no other competition. This era of low pricing is ushering a whole new era of monopolies, one other example being walmart. These companies are able to offer their products at very low prices that other businesses cannot compete with creating a monopoly for the larger companies.

2 Comments »

  1. wangjia Said,

    December 15, 2014 @ 12:18 am

    I would say it’s more close to a oligopoly. Because there are many other online stores besides Amazon.

  2. formanm Said,

    December 16, 2014 @ 7:18 pm

    I do not think Amazon is a monopoly strictly because online shoppers have other options. Consumers can purchase things online from other sites. For example, I purchased shoes from Zappos instead of Amazon. Amazon may be a massive company but, they are not a monopoly.

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