Companies like Amazon and Facebook and Google are so dominant that they really have very little competition. Even when new companies like Zappos and Diapers.com threatened it, Amazon bought up both companies. Facebook did that with WhatsApp and Instagram. Is that healthy competition or monopoly/oligopoly power?

Answer rating: 100% (QA)

The dominance of companies like Amazon Facebook and Google can be seen as a form of oligopoly power where a small number of companies dominate a particular market While these companies may face some c... View the full answer