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I find in fantasy, some writers do write series, not necessarily because of money, but many have spent years building their world from its politics, to its religions, creatures, magic etc etc. Often times, it's easier to jump into that same world and build on familiar characters and concepts and make a compelling story than start a new world. Some already have several stories for their characters outlined or written that may be considered lengthy. To be honest, especially in fantasy, new authors are hardly ever signed with a work over 125k words. That's usually the recommended length of a manuscript for a new author. Some authors' stories are longer than that and due to the cost of paper and publishing etc, some publishers won't take that risk. Ebooks however have changed much of that. I can see the original point though and a good standalone story does make for a great read.
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