Is There Too Much Power and Concentration in Big Tech?

The video discusses the concentration of power in big tech, focusing on Amazon's role in the retail market. It highlights the importance of defining market power and how market definition affects competition analysis. The discussion extends to consumer benefits, antitrust concerns, and the impact of large firms on innovation and market entry. The video emphasizes that market share is just the beginning of the analysis, and other factors like innovation, consumer choice, and product quality are also crucial.

What is a critical factor in assessing the market power of a company like Amazon?

• The age of the company

• The location of its headquarters

• The number of employees

• The definition of the market

How do traditional retailers like Best Buy and Target compete with Amazon?

• By providing unique advantages through physical stores

• By offering lower prices

• By having a larger online presence

• By selling only exclusive products

What was a key concern of the Sherman Act according to the transcript?

• The size of the company

• Prices that were too high

• The number of competitors

• Prices that were too low

What is a potential negative impact of dominant players like Google and Amazon?

• They decrease consumer choice

• They limit innovation and new entrants

• They reduce product quality

• They increase consumer prices

Which of the following is NOT a concern beyond pricing in antitrust discussions?

• Innovation

• Consumer choice

• Company branding

• Product quality