Cost is usually given as the reason for not doing it. but I have offered my services for free to quite a few authors and only a handful took up the offer, so cost is not the only factor.
It is a pity that more books are not proofread, even a cursory read by someone who is not the author will throw up several problems. If I buy an ebook or even get one free that is obviously not proofread then I decline all future offerings from that author, and I have even asked for, though not always got, a refund if it is really bad.
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