(Answered) Question apple conspired with five publishers to undercut

Economics

Question: Apple conspired with five publishers to undercut Amazon's 90 percent share of the e-book market, which caused e-book prices to rise to $12.99 or $14.99 from the $9.99 that Amazon charged.

Explain why this conspiracy to raise prices violates the anti-combine law.

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Microeconomics, Economics

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