Quote:
Originally Posted by cassidym
The Penguin CEO is dead wrong about how a price is set. The price of an ebook (or anything else) is based on supply and demand. It is not set by the dictates of the seller as this guy wishes were true.
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If that's so, there will clearly have to be a new way of setting prices, because the supply part of "supply and demand" becomes nearly meaningless in terms of electronic content (or, to be more accurate, costs must be altered to reflect "bandwidth" instead of "supply").