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I think agency pricing will decline.
It depends on the consumer market. I am not talking voting with your market, just that things will level off and more likely than not the result will be lower pricing.
People (companies) may collude for a while, but eventually someone will break ranks and try to undercut the others, or screw them up in some way. It is human nature and corporate nature. It is possibly the only reason we do not have fixed pricing in all areas of commerce.
Of course I could be wrong with the price of some commodities such as gas always rising above the general rates of inflation, but I do not see it with books.
Helen
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