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How does the acquisition of Whole Foods lead to a reduction of supply and an increase of price? The number of competitors in a market is absolutely irrelevant to the classification of a monopoly.Quote:
Originally Posted by kevin13697
Competition makes the seller a price taker. Monopoly makes the seller a price maker.
Competition exists both within Amazon (as someone who sells on their platform, I know this is true) and in the greater market.
It would depend on how you would define a monopoly.Quote:
Originally Posted by dbroncos78087
A monopoly refers to a sector or industry dominated by one corporation, firm or entity. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market (goods, supplies, commodities, infrastructure and assets) for a particular type of product or service.
They already manipulate prices and our tax system, they've done so for years.
Amazon announced it was buying Whole Foods Market for more than $13 billion. About an hour later, Amazon’s stock had risen by about 3 percent, adding $14 billion to its value.
Amazon basically bought the country’s sixth-largest grocery store for free.
I define them as a company or organization that possesses the ability to act as a price maker rather than taker. I don’t know what business units Amazon has the ability to do that with. Are you referring to the Amazon selling business, AWS, or Whole Foods?
The actual number of competitors is irrelevant to whether something is monopolistic or not. Coke and Pepsi make up 99.99% of the soda market share but their business practices are almost wholly competitive.
So they're a duopoly? seems like we're having a discussion on political correctnessQuote:
Originally Posted by dbroncos78087
And some are more rude than others. Considering the majority of that area are Hispanics, my statement still stands.Quote:
Originally Posted by Sick Of It All
Uhm, what? That's not a good example at all. Whole Foods doesn't sell anything other supermarkets don't have access to. You gotta re-read the definition of monopoly because this ain't it. Also, Amazon isn't a monopoly. Just because they dominate nearly all industries does not quantify as a monopoly. It just means they know what they're doing.Quote:
Originally Posted by kevin13697
Yup. You are right. It's why they were operating at a loss and were able to rollover their losses to now. People saying Amazon doesn't pay income taxes are just being misled. They are able to take advantage of deductions that were designed to help businesses grow just like people are allowed a standard or itemized deduction to help offset costs.Quote:
Originally Posted by fingerbang
A monopoly is a kind of structure that exists when one company or supplier produces and sells a product. If there is a monopoly in a single market with no other substitutes, it becomes a “pure monopoly.” When there are multiple sellers in an industry and there are many similar substitutes for the goods being produced, and companies keep some power in the market, then it is called monopolistic competition.Quote:
Originally Posted by FlashBolt
Amazon is not a monopoly, they're a monopolist.
As far as I know Amazon doesn't have any monopolistic activities. They are a massive reseller of other people's goods. They compete with ebay, etsy, craigslist, and lot of other businesses that are themselves doing well.Quote:
Originally Posted by kevin13697
I think you are taking Amazon being big to mean they are a monopoly. They are mainly a fulfillment company, but there are several huge competitors in that market too.
An monopolist attempting to create a monopoly. They've only been gigantic over the last couple years.Quote:
Originally Posted by Scoots
Feel free to chase Amazon controversies, I don't have all night.
https://en.wikipedia.org/wiki/Amazon...t_availability
America’s Monopolies Are Holding Back the Economy
"Large corporations are concentrating control over markets and using their power to raise prices, limit choices for consumers, lower wages for workers, and hold back competition from startups and small businesses. It’s no wonder Americans feel the deck is stacked for those at the top." Hilary Clinton 2015
https://qz.com/529303/hillary-clinto...rs-out-to-dry/
This was actually the message Clinton was running on before Sanders came along. It was based on a substantial and growing body of research that confirms that consolidation is at the root of many of America’s most pressing economic and political problems.
It’s still a load of bull ****.Quote:
Originally Posted by FlashBolt
Sent from my iPhone using Tapatalk
That's your opinion.Quote:
Originally Posted by Sick Of It All
No, Amazon doesn't have exclusive control over anything. You're the one saying they are becoming a monopoly because of their Whole Foods acquisition. There are MANY substitutes to Whole Foods. You are arguing semantics and confusing everyone with junk. They are not a monopoly or trying to be one, period. They are just a company that understood that retail is just one part of their business and that you have to expand your portfolio in all aspects to sustain your business.Quote:
Originally Posted by kevin13697
Me tooQuote:
Originally Posted by FlashBolt
Sent from my iPhone using Tapatalk
Lol, what? So Hillary is the expert of what a monopoly is? Surely she didn't try to gain some votes from those who saw Amazon as too powerful, no? You didn't provide any evidence.. just that Hillary said they were so they must be. Now you are trying to deflect by bringing up random stuff.. Amazon is everywhere.. they have a piece in every industry. They are not the only retailer, are they? Is Whole Foods the only supermarket chain? Are Kindle products the only tablets? What about Amazon Echo? Hmmm, Amazon Music, Prime Video, Audiobooks.. all have competitors. Many of them. Just admit it - you forgot what monopoly meant and used it incorrectly.Quote:
Originally Posted by kevin13697