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To: MediaMole
They were colluding to shut out a lower-cost competitor at the expense of consumers.

Except until the so-called colluding, and the new agency model went into place, Amazon had over 90% of the ebook market and is killing traditional brick-and-mortar book stores. They had already built their monopoly by manipulation of prices, shutting out competition.

Barnes and Noble's Nook didn't achieve 20% until Amazon's scam of undercharging was disrupted by the agency model. Consumers benefited by suddenly having more outlets and sustainable pricing.

24 posted on 04/20/2012 8:13:00 AM PDT by newzjunkey (Newt says, "A nominee that depresses turnout won't beat Barack Obama.")
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To: newzjunkey
Consumers benefited by suddenly having more outlets and sustainable pricing.

You're kidding, right? You're telling me that I--an e-book consumer--benefit from a price-fixing scheme that raises prices?

26 posted on 04/20/2012 8:24:08 AM PDT by Publius Valerius
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