May 25, 2021

Amazon accused of unfair pricing policies in lawsuit

The lawsuit, filed on Tuesday, claims that Amazon's control of up to 70% of US online sales results in higher prices for consumers. "Amazon's online retail sales platform benefits from, and is protected by, Amazon's anticompetitive business practices," it said. "An Amazon spokesperson said in response:"The DC Attorney General has it exactly backwards - sellers set their own prices for the products they offer in our store. "Amazon takes pride in the fact that we offer low prices across the broadest selection, and like any store we reserve the right not to highlight offers to customers that are not priced competitively." In 2019, Amazon scrapped a requirement for merchants to sign a "Price parity" agreement that stopped them from selling at lower prices under pressure from senior US politicians.

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