Monopsony

Amazon has continually lowered prices. It isn't under the way we interpret monopoly, how Robert Bork wanted to interpret monopoly. Once they own the market as they do with diapers.com, then they raise prices. So that's monopoly. But on the other side, Amazon is also a really powerful buyer in a whole range of industries. They happen to own three music publishers who own almost 60% of the song rights market and so on it goes. We know monopoly, but there's a monomonopsony game,. Yeah, but it's really, really important to know about.