The popularity of e-books have sky rocketed over the past couple years and so had the issue of how to price them. Apple and other electronic publishing companies are currently under investigation by the Justice Department for suspicion of price collusion. Industry experts believe these companies have made secret agreements to raise prices of e-books limiting open competition. The current pricing policy, which allows publishers to set their own prices for e-books, is currently under the microscope as investigators try to come up with a way to improve it without giving an unfair advantage to industry leaders such as Amazon.
The current fight is with Apple and the smaller e-book companies to try to say in competition with Amazon who is dominating the market. The Justice Department’s antitrust division's job is to try to come up with a better pricing policy that creates fair competition while preventing illegal dealings between underdog competitors. If no settlement is reached soon Apple will find themselves facing a possible major lawsuit.
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