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Originally Posted by Kali Yuga
Used is not a valid price comparison.
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Actually, it often is, certainly if all I care about is getting (legal) access to the text. It's certainly a price point that ebooks need to compete with for a (not too small) segment of the market.
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The better question is whether the price matches what customers are willing to pay. If they are, then the price is justified. If they aren't, the publisher will feel market pressures to reduce the price.
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Ah, laissez-faire capitalism. Spoken like a true American.