Embed Notice

Antitrust regulators elsewhere have laid bare how Amazon uses its retail monopoly to control whole economies, raising prices and crushing small businesses.

To understand Amazon's market power, first you have to understand "monopsonies" - markets dominated by *buyers* (monopolies are dominated by *sellers* - Amazon is a monopolist and a monopsonist). Monopsonies are far more dangerous than monopolies, because they are easier to establish and easier to defend against competitors.

7/