Quote:
Originally Posted by stonetools
Actually, the publishers instituted agency pricing in order to FOSTER competition. Thats not an illegal objective.
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Their claim was that there would be increased competition as the market would support the continued existence of more publishers, which they claim means more quality books. However, competition is supposed to increase quality and lower price so only one of the standard objectives is achieved, and allegedly they did so by forming a cartel specifically to limit the other form of competition.
When their whole argument can be summed up as raising prices to increase competition, you have to know something's wrong.