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I disagree. You pay @ $25 for a hardcover, @ $13 for a trade paperback and @ $8 for a regular paperback. There's a different pricing point at each level. By your logic, the same text in a regular paperback is worth less than that in a hardcover. I think an e-book would be a step below paperback. It's just a program, and since I doubt very many authors turn in paper manuscripts as opposed to word document files, or some other type of document file, it shouldn't be too much of a problem to convert those files into e-books. I'm not willing to pay as much for an ebook as I would for a regular book.
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