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Watchhttps://www.pbs.org/wgbh/frontline/film/amazon-empire/ Answer each of the following questions. Use economic concepts you have learned this quarter when appropriate. I suggest that you have the list of
Watchhttps://www.pbs.org/wgbh/frontline/film/amazon-empire/
Answer each of the following questions. Use economic concepts you have learned this quarter when appropriate. I suggest that you have the list of questions handy when you watch the video so that you can more easily take notes.
- Why did Amazon start by selling books?
- Explain the "gazelle strategy".
- Why did Congress refuse to have hearings about whether or not Amazon was a monopoly?
- Explain the strategy behind creating the Prime membership.
- Discuss the criticism of Amazon from their warehouse workers.
- What is the relationship between robots and workers? Do you see any similarities between the AI documentary and the one on Amazon?
- Describe the rise of Amazon Web Services (AWS).
- What are the potential benefits and dangers of:
- Echo
- Ring
- Amazon Rekonition
- What did Bezos mean when he said "Every time I win a Golden Globe, I sell more shoes"?
- The question is brought up at the end of the video: "Isn't this just what capitalism is? Isn't this just what business schools teach their students to do? What does this mean?
- Amazon lost money for 20 years. Economic models hold that they should have shut-down. How did they stay in business? Why did they keep going?
- This is the big question: (in other words, spend more time on this one)After watching the video on anti-trust and this video, do you think that Amazon should be broken up into smaller companies? Explain. Who would this help or hurt?
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