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A Natural Monopoly

Comic Transcript

JIM WASHINGTON: It was a war that most people didn’t notice: Online retailer pulled all of Macmillan Publishing’s stock — physical books, e-books, everything — because Macmillan wouldn’t agree to a price cap of just under ten dollars for e-books sold on the site.

JIM WASHINGTON: Ultimately Macmillan was victorious: Amazon agreed to Macmillan’s price terms. Amazon released a statement explaining their decision stating “We will have to capitulate and accept Macmillan’s terms because Macmillan has a monopoly over their own titles.”

JIM WASHINGTON: In response to this statement, the entire world blinked in confusion, shrugged, then moved on to speculating over whether the iPad would make Netbooks obsolete.

NEWS TICKERTAPE: Breaking: Amazon accuses Barnes & Noble of having a monopoly over its own stores :: “Owning every single B&N store is anticompetitive” Bezos says

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