#RFB-11000867Reading: Fill in the BlanksAcademic,CoreMedium
E-commerce
Official Question Material
Prep: Varies
E-commerce giants like Amazon continue to grow and reshape traditional retail. While e-commerce offers convenience, competitive pricing, and a vast [blank] of products, it can also lead to the [blank] of market power in the hands of a few major players. This can stifle competition and limit consumer choice in the long [blank] .
Sample Answer & Audio Transcript
E-commerce giants like Amazon continue to grow and reshape traditional retail. While e-commerce offers convenience, competitive pricing, and a vast array of products, it can also lead to the concentration of market power in the hands of a few major players. This can stifle competition and limit consumer choice in the long run .
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