Amazon is NOT a Monopoly

Amazon has achieved a level of dominance like a monopoly, however, it is not a monopoly. Amazon has a lot of power and they could use that power to hurt America’s economy. In 2013 domestic e-commerce sales added up to 263 billion dollars. To prove Amazon is acting illegally one would have to prove that Amazon is raising prices and curtailing on supply. In 2013, Amazon has 274 million in net income from 74.5 billion in sales (profit margin of .37%). Former columnist Matthew Yglesias characterizes Amazon as a charitable¬†institution¬†that benefits consumers. Amazon is not just a retailer it lets third-party companies sell on its website. The third parties companies profit all combined it ends up being more profitable than Amazon alone.

1 Comment »

  1. davismal Said,

    December 12, 2015 @ 6:31 pm

    http://time.com/money/3541591/amazon-monopoly-hachette/

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