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>In many cases people have a choice of ebook vs physical copy, which is what we're discussing here.

Well, then it's still no free competition, between those are two entirely different technologies, and the sole owner of the copyright sets the price of both.

To put it in another way, the prices of ebooks that are in public domain (e.g. 19th century books) are way lower (e.g. $1 per book for some publishers), whereas printed editions of said books are as high as they ever were.



Which supports my point. Price isn't set relative to production cost. It is set relative to value to the users.




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