Amazon.com Inc. was sued by the attorney general for Washington, D.C., for allegedly engaging in anticompetitive practices that have raised prices for consumers. Attorney General Karl Racine filed the Amazon case on his own, rather than teaming with other states, which is a common practice for attorneys general. The agreements mean the fees Amazon charges to sellers are incorporated into the prices sellers charge on Amazon and on competing platforms online, Racine said. Amazon said the outcome Racine is seeking in the case would force the company to post higher prices, “oddly going against core objectives of antitrust law." If Amazon detected lower prices on other sites, it would bury their products in Amazon search results, where they got most of their sales.

Source: Mint May 25, 2021 20:26 UTC