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While I'm not a fan of the higher prices the Agency model brought, in a way I'm grateful to it. Without it, it's entirely possible that we'd be at the mercy of an Amazon monopsony. Without Agency I doubt that Kobo would exist in its current form, and Barnes & Nobel might have been forced out of the ebook business ages ago. There would be Amazon and the small niche publishers like Baen, and that's it.
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