That’s one way to describe it. The other way is to say Amazon used their outsized power in the book world, including disallowing pre sales and delaying shipments of regular books, to demand a price from the publishers.

It took a bunch of public pressure to change that arrangement.

I think you can easily say the publishers have bad ebook pricing strategy but Amazon certainly wasn’t using normal market practices for setting prices.

https://www.theguardian.com/books/2014/nov/13/amazon-hachett...