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Prices float toward the marginal cost of production. Saying that's heading in the wrong direction is like saying that we could make a better plane if we just h
by Triumvark 15y ago
Prices float toward the marginal cost of production.
Saying that's heading in the wrong direction is like saying that we could make a better plane if we just had less gravity.
- JayWilmont 15y agoDespite how poorly this guy describes price elasticity, I do think he has one decent point: that if the "customary" ebook price becomes $1, that is too low for most authors to make it. Based on just a gut feeling, I think the sweet spot would probably be $3-6 for ebooks.