Quote:
Originally Posted by rhadin
Under the agency system, the publisher sets the minimum sale price. A bookseller can sell the ebook for more, but not less, than the minimum price. And if the bookseller sells the ebook for more than the minimum price, it can discount the book as long as the discount price is no less than the minimum price.
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Thank you for that succinct explanation. I hadn't realized it was the minimum that was being set by the agency system.