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The Hardcover price is also missing the fact that hardcovers are heavily discounted, and the bookseller's cut is nowhere near $13 but closer to $3 or $4 (and sometimes big best sellers are sold as loss leaders).
Baen has a great business model. They have embraced ebooks in a big way, but they also stay in business by cutting out the middleman and selling direct to the consumer, so they're getting both the publishers cut and the retailers cut.
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