Economists' blogs

How Amazon Is Ripping You OffShopping on Amazon? Stop! Watch...

How Amazon Is Ripping You OffShopping on Amazon? Stop! Watch this first.Amazon is the world’s biggest online retailer. This one single juggernaut of a company is responsible for nearly 40% of all online sales in America. In an FTC lawsuit, they’re accused of using their mammoth size, and consumers’ dependence on them, to artificially jack up prices as high as possible, while prohibiting sellers on Amazon from charging lower prices anywhere else.

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