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When thinking about the cost of printing - dont forget the cost of storage and distribution also. When printing you have to pick a print run size, then perhaps a second edition if the book sells well or pay for pulping it it doesn't - a dirt cheap disposable medium would be preferable, so the idea is sound
a possible alternative however, just as there are second hand book shops - there could also be second hand ebook shops without a physical medium IF there was a standard DRM based on say device hardware that could be "sold" or de and re registered by an audited online seller, rather than a publisher - perhaps even a charity seller- I've bought some good reads in Oxfam before now :-)
Publishers or sellers could even provide a service if you wanted to transfer or give an ebook to a friend ... this all assumes online access of course!
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