Authors Request Investigation Of Amazon
Consumers care about more than prices. This is, in essence, the argument Authors United make in their formal letter to the Justice Department, as they request an investigation into Amazon’s business practices. According to Vauhini Vara fromThe New Yorker magazine, “The list of signatories fills twelve pages and reads like an unusually expansive long list for a prestigious writing award; the five hundred and seventy-five writers includePhilip Roth, V. S. Naipaul, and Ursula K. Le Guin, along with many longtime contributors to this magazine.”
The letter begins, “We are not experts in antitrust law, and this letter is not a legal brief. But we are authors with a deep, collective experience in this field, and we agree with the authorities in economics and law who have asserted that Amazon’s dominant position makes it a monopoly as a seller of books and a monopsony as a buyer of books.” A monopsony is a market situation in which there is only one buyer.
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