Quote:
Originally Posted by darryl
Competition does tend to do that.
I highly recommend you actually read both the original court decision and the appeal. Here is the relevant quote from the Appeal decision:
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It's exactly what I and many others have been saying, and which the dissenting opinions ALSO say.
The notion that putting all the best sellers...the most profitable books during their most profitable window....on sale below cost (or even wholesale) is not merely a "loss leader".
The court made it's decision, but it was a bad decision, and it was not a unanimous decision.
They don't think it was a barrier to entry. Really? You want to enter a market where the top 100 books to sell are sold by the competition at a loss...forever?
This isn't "Walmart is selling the latest Harry Potter book for $9.99" to get people into the store to buy other products. This is the entire NYT Best Seller's list -- always.
And it was changing the concept of "a new book costs $25-$30"....to "New books cost $9.99"
The publishers are supposed to compete against the other publishers....not have one of their distributers destroying their business model.