Oligopolies' Dilemmas and Solutions

Oligopolies' Dilemmas and Solutions. Click to add text.

Introduction. A picture containing text, person Description automatically generated.

Working for an Oligopoly Market. A picture containing person, wearing, hat Description automatically generated.

Amazon’s Entry into the Market. A person taking a selfie Description automatically generated.

Competitors in the market. U.P.S. has joined Amazon with helping them ship packages. Not only have they helped them with their lack of cargo aircrafts, but they've also competed with them. When it comes to the hiring process, U.P.S., FedEx,, and Amazon have all increased their marketing rates to gain more employees. One of the main incentives are bonuses that new employees would receive. Even though these firms have learned to co-exist within each other, other upcoming businesses have not been so fortunate when trying to enter(Schechter et al, 2021)..

“Big fish eat little Fish”. A picture containing text book Description automatically generated.

Solutions. In order to find solutions to improve an oligopoly market, we must first find the root causes which are the antitrust laws. Antitrust laws such as the Sherman Antitrust Act, have stopped cartel in the early 19th century. Since then, economist have overlooked reforming or taking an analysis on ways to improve the laws(Amato et al, 2022). Pelligrino, who has a Phd from UCLA, writes an article about how the laws should be strengthened in order to focus more on the customers' needs. This will lower the market capital of many oligopoly firms and markets, but will make for a “fair” market(Schechter et al, 2020). In an article, Warren (2019), writes about using “platform utilities” to help stop companies from having too much market power. Companies that make a substantial amount of annual revenue will have to offer a “platform” to third parties. More government regulators will likely make sure these practices are being done (Warren, 2019)..

How Marginal decisions are made in an oligopoly market.

Conclusion. Even though there are still issues that need to be addressed within this market. I am proud to work for a company that looks at diversity in a positive light. Within the company, they use diverse talent and follow their mission statement in the best way they can. Overall dominant corporations need to be monitored. Having full control over the market is not a healthy market. There needs to be a better entry into these markets..

Work Cited. Amato, Jeffrey, et al. “Cartels Laws and Regulations: USA: GLI.” GLI - Global Legal Insights - International Legal Business Solutions , Global Legal Group, 2022. https://www.globallegalinsights.com/practice-areas/cartels-laws-and-regulations/usa. Hartmans, Avery. “Amazon Says It Will Ship More Packages than UPS and Fedex by 2022 at the Latest.” Business Insider , Business Insider, 29 Nov. 2021, https://www.businessinsider.com/amazon-surpassing-ups-fedex-by-2022-dave-clark-2021-11. Mankiw, N. G. (2017). MindTap Economics for Mankiw's Principles of Microeconomics, 8th Edition, [Instant Access], 1 term (6 months) (8th Edition). Cengage Learning US . https://mbsdirect.vitalsource.com/books/9781337096553 Schechter, Asher, et al. “The Cost of America's Oligopoly Problem.” ProMarket , 14 Sept. 2020, https://www.promarket.org/2019/09/16/the-cost-of-america-oligopoly-problem/. Warren, Team. “Here's How We Can Break up Big Tech.” Medium , Medium, 11 Oct. 2019, https://medium.com/@teamwarren/heres-how-we-can-break-up-big-tech-9ad9e0da324c..