Quote:
Originally Posted by rcentros
I feel they have the right to set the wholesale prices to retailers -- and that the retailers have the right to set their own prices to their customers. If retailers can't set their own prices (and discount, if they want) they are, more or less, just an extension of the publishers.
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Yes, that exactly what agency pricing means: that the retailer is an agent of the producer. There's nothing inherently illegal about agency agreements, although I completely agree that they aren't good for the consumer. If, however, a BPH says to a retailer "the only way we're going to let you sell our books is to be our agent", the retailer has very little choice but to accept.