Quote:
Originally Posted by pwalker8
Since you are arguing against a strawman, I will restate what I was saying. Agency pricing is about allowing the publishers to set the prices. It is about letting the publishers find the point on the cost curve where they get the biggest profit. That is it.
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And the consequence of that will be higher prices to the consumer.
That was initiated as a cartel, and that is what cartels do, keep prices high.
We had this in the UK with the net book price agreement, where publishers required book stores to sell paper books at fixed prices. When the agreement was ruled to be illegal, prices fell, which should surprise no-one.