D.C. attorney general brings antitrust suit against Amazon

 

Source: Cat Zakrzewski & Rachel Lerman, Washington Post ( Paid Registration )

D.C. Attorney General Karl A. Racine brought an antitrust complaint against Amazon, alleging that the e-commerce giant wields monopoly power that has resulted in higher prices for consumers.

Racine’s office accused the company of fixing prices through contract provisions with third-party sellers who peddle their products on its platform. The attorney general said that Amazon prevents sellers from offering their products at lower prices or on better terms on any other online platforms, including their own websites, and that that prohibition results in “artificially high” prices across e-commerce sales.

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