I am guessing here but I think that the editing and promotion are the most expensive part of that process. They probably get massive discounts on the printing, shipping, and distribution because of the volume of books that they produce and ship. Warehouses are probably located in areas that are not all that expensive to rent or buy and build.
Editors, proof readers, and the PR machine are going to be more expensive.
So I agree that ebooks should be less expensive then print books but I don't think that the Publishers save enough money to justify all books being sold for some set price.
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