Quote:
Originally Posted by CommonReader
Yes, it is when you sell a product below your own costs of purchase and at the same time - using your power as the dominant player in the market - force the only producer of that product not to sell to anyone else at lower cost. No other seller has the possibility to improve its position by improving processes etc., its just a question who has more capital to go on longer selling products at a loss.
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Ummm... Amazon wasn't forcing the producers to not sell to anyone else at a lower cost, the producers decided to set the cost themselves, and sell to everyone at the same high cost. This is known as Agency Pricing, and the six big publishing houses and Apple were found guilty of illegally imposing this on the market.