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The fact that there are so many posts on this topic- and many of them showing evidence of pricing research and some deep thinking - must give book publishers a hint as to what is uppermost in their reading market's mind. Ignoring this level of public interest and often anger would be business suicide. It took many years for the music business to settle down after the introduction of downloaded music and it is still evolving; the subscription "library" is the latest model and no doubt that will change over time.
Whatever happens the book publishing business has to evolve, otherwise they will sink into history along with abacus makers and buggy whip manufacturers!
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