The U.S. government, along with 17 states, is suing e-commerce behemoth Amazon for maintaining an alleged monopoly which they claim has resulted in lower product quality and inflated prices.
The Federal Trade Commission (FTC), on behalf of the government, alleges that Amazon’s initiatives prevent rivals as well as sellers on its platform from lowering product prices, degrades overall quality for customers, overcharges sellers, suppresses competition, and prevents rival companies from fair competition.
