D.C. Attorney General Karl A. Racine yesterday brought a lawsuit against Amazon, which alleged its abusing what it argues is monopoly power leading to higher prices for consumers, as Rachel Lerman and I reported yesterday. Racine accused the company of fixing prices through the terms and agreements it has with third-party sellers. The suit alleges that Amazon prevents them from selling their products at lower prices on any other online platforms, leading to “artificially high” prices across the Internet. (Amazon founder Jeff Bezos owns The Washington Post.)

Source: Washington Post May 26, 2021 13:29 UTC