​Apple gets smacked by $450M e-book price-fixing fine
I find the modern view of monopoly peculiar:<p>&quot;the market for retail distribution of electronic books ... was essentially a monopoly, with Amazon.com ... controlling 90% of e-book sales. Amazon sold many of the most popular e-books at a loss, making it difficult for other retailers to enter the e-book market as they &#x27;would run the risk of losing money if [they] tried.&quot;<p>along with the 1999 conviction of Microsoft being a monopoly in part because they gave away Explorer.<p>A monopoly is historically identified with having a higher than market price, not a lower.