Amazon Explains Rationale for Cheaper Ebooks

Amazon recently explained its rationale for wanting ebook prices set at $9.99 or less, as Jillian D’Onfro writes for Business Insider: “The company says it’s found that e-books priced at $9.99 sell 1.74 [times] more copies than when they’re priced at $14.99.” (Hat tip to Diana Hsieh.) Unfortunately, Amazon also beats up publisher Hachette over the government’s antitrust persecution of that company and others. For why the government’s antitrust action against publishers was immoral, see my post for The Objective Standard.