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Is Amazon Good for Small Business?

Open to Debate

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Amazon Impact on Small Businesses

Amazon is detrimental to small businesses as it disrupts the principles of fair and free markets outlined by Adam Smith. It creates information asymmetry, lacks a common moral framework, and does not ensure a shared understanding in transactions. While Amazon may lower prices, its impact goes beyond pricing as it involves information control, which is a crucial aspect neglected by traditional monopoly laws focused solely on pricing.

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