Debunking Economics - the podcast cover image

Too big for their boots? Are bigger companies slowing the economy.

Debunking Economics - the podcast

CHAPTER

Market Structures and Monopolies in Economics

The chapter delves into the comparison between perfectly competitive markets and monopolies, critiquing the neoclassical theory of perfect competition and discussing the impact of large companies like Amazon on the economy. Real-world examples such as Apple's control over iPhone app distribution are used to explore the implications of monopoly power, while also discussing the idea of breaking up big companies like Amazon and the challenges faced by small entrepreneurs in obtaining finance.

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