Federal Trade Commission (FTC) Chair Lina Khan shot to notoriety with a 2017 article in The Yale Law Journal, “Amazon’s Antitrust Paradox,” where she charged that vigorous antitrust action should be taken against the company. She asserted this while acknowledging Amazon had low profits, was continually reinvesting in its businesses, and providing low-priced, i.e., competitively priced, items to its customers.
There are fundamental errors and omissions in both the article and a related lawsuit the FTC recently announced against Amazon. Lexington Institute’s Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.
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