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Yes ebooks tend to be cheaper than, or the same price as, the larger format trade paperbacks, but those will never be "paperbacks" as I think of them.
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I'm still willing to go on record as saying that of the books I see that are available in MMPB format... the majority of them have an ebook version that is available for a cheaper (or at most equal) price. Unless I'm just one lucky son-of-a-gun.