On Friday, the FTC is expected to present to the court its economic arguments in its antitrust case against Amazon. Central to any antitrust proceeding is defining what market the alleged monopoly dominates. In the case of the Amazon lawsuit, the FTC has failed to define a realistic market that the retailer supposedly dominates. Market […]
As explained recently in Project DisCo, the FTC’s reliance on narrow market definitions ignores how consumers actually shop and the competitive nature of the retail landscape. FTC’s market definition vs market reality In its case against Amazon, the FTC restricts the relevant market to that of “online superstores,” asserting that these are “distinct from, and […]
Hostility to innovation and technology diminishes the incredible Internet-enabled opportunities that leading tech services provide: empowering consumers, driving prices down and increasing choice, and providing platforms to help entrepreneurs grow their businesses. It has given us a golden era of entertainment, knowledge, and everything from fashion startups, to booming mom and pop stores, to the latest app.
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