And yet people pay exorbitant prices for gold and diamonds because of they think that they are rare. Diamonds are not as rare as people think. DeBeers has managed to successfully manage the supply and demand of diamonds resulting in artificially high prices. They will actually buy back and stop supplying specific diamond sizes when the price starts to drop. DeBeers was once prevented from doing business in the United States because they are a monopoly. Now they can and do because Congress passed an exemption for them. So I do not think the prices charged for eBooks are out of line compared to other businesses.
Apache
|