Amazon Policy Leads to Greater Customer Prices, D.C. Suit Declares
< img src=" https://images.wsj.net/im-343437/social" class=" ff-og-image-inserted"/ > WASHINGTON– Amazon.com Inc. was hit Tuesday with an antitrust suit by the District of Columbia, which declares that the business obstructs sellers on its market from using much better offers in other places, resulting in higher prices for customers.
The lawsuit targets agreements in between Amazon and its sellers, which D.C. Attorney General Karl Racine said avoid the sellers from providing lower costs on any other website, including their own.
” Amazon wins because it manages pricing throughout the online retail-sales market, putting itself at an advantage over everybody else,” Mr. Racine stated on a call with reporters. “These restrictions permit Amazon to construct and keep monopoly power.”
Amazon disputed the allegations, stating that sellers on its website set their own costs.
” Like any store we reserve the right not to highlight deals to consumers that are not priced competitively,” Amazon said. “The relief the AG looks for would force Amazon to feature greater rates to consumers, strangely breaking core goals of antitrust law.”
Published at Tue, 25 May 2021 22:11:00 +0000
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