Quote:
Originally Posted by hal2814
You say it can't be too high but the condition you put forth is possible. Money is finite. There can therefore be a price high enough that there are no other people willing (or even able) to pay that price. By your definition, a publisher can set a price too high.
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Setting a price and SELLING at that price are two different things. No one need fear that "Agency Pricing" will allow the publishers to set the price of books higher than the market will bear.
The prices are set. The publishers now control the pricing. But the publishers have no control over whether people will PAY the price they have set.
And thus, if there really is NO market for ebooks at that price, then the publishers will -- in their own self interest -- reduce the prices of the books. There simply is too much competition for people's money for a product that no one HAS to have.
Lee