Question Description
I’m studying for my Health & Medical class and need an explanation.
Apple is returning money to ebook buyers after losing the price-fixing lawsuit
Kastenakes, J. (2016). Apple is returning money to ebook buyers after losing price-fixing lawsuit. The Verge. Retrieved http://www.theverge.com/2016/6/21/11991526/apple-ebook-price-fixing-refunds-begin-for-consumers
- What specific price-fixing act was Apple being accused of?
- What was the verdict and consequences?
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.
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DISCUSSION
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Apple's Store price-fixing case
In 2012, the Justice Department sued Apple and five US publishers in an antitrust
Lawsuit. The Justice Department accused Apple and the publishers of price-fixing of allegedly
conspiring to increase e-books prices. The plaintiff claimed that when Apple prepared for iPad's
introduction, it approached...
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