AG Investigating Apple & Amazon Over E-Book Price Fixing

The Connecticut Attorney General's Office is investigating Apple and Amazon for e-book price fixing. How can this be? Amazon accused of e-book price fixing? I can believe Apple would do something like this…but Amazon?!? Say it isn’t so Bezos!

Amazon and Apple combined will likely command the greatest share of the retail e-book market, allowing their most-favored-nation clauses to effectively set the floor prices for the most popular e-books. Such agreements -- especially when offered to two of the largest e-book retail competitors in the United States -- threaten to encourage coordinated pricing and discourage discounting.

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