Understanding Antitrust Laws and Amazon's Case

What is the primary role of the Federal Trade Commission (FTC) in the context of market competition?

• To promote monopolies

• To enforce antitrust laws

• To increase product prices

• To reduce market competition

Why do traditional antitrust arguments not fully apply to Amazon according to the video?

• Amazon is a small company

• Amazon does not sell products

• Amazon focuses on consumer welfare

• Amazon has no competitors

What concern does the FTC have about Amazon's market practices?

• Amazon prevents new competitors from emerging

• Amazon increases competition

• Amazon is not profitable

• Amazon has too many products

How did Amazon initially start its business?

• By offering cloud services

• By providing streaming services

• By selling books

• By selling electronics

What is Amazon's main argument against the FTC's lawsuit?

• The lawsuit will lower product prices

• The lawsuit will harm consumers by reducing options

• The lawsuit will benefit small businesses

• The lawsuit will increase competition