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Knowing what I know about Amazon and book pricing (basically it's artificially inflated and the author doesn't see the difference), I see nothing wrong with it. The reason it's so cheap in other countries is probably due to the fact they don't want to put up with our artificial pricing AND the fact their economy runs differently and/or they view books as less/more valuable and such.
It also depends on what people are used to paying for print books. Like a manga in Japan back a few years ago was like $4 a volume, ours was $10 at the time. Which then Japanese people would view a book normally at around a $4~$5 locally amped up to US standards of $14 (1350円) as ridiculous. Thus a local price might be $4~5 (I think like.. 390円?) would be more marketable than the $14 price.
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