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What I am wondering is: are the declining ebook sales lost or is the market share of the big 3 with agency for ebooks simply shrinking? I don't really see how all of a sudden pbooks are more attractive unless they are made that way. I can see how Amazon is playing really smart (some might say dirty) by driving pbook prices down. Soon enough the big publishers might get the real dumb idea to implement agency pricing for pbooks.
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