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Originally posted by Astounded EEG
price has pretty much nothing to do with the supplier's cost, except that the price is guaranteed to be more.
The cost of the materials in a paperback is probably like 50 cents, while materials for hardcovers probably cost $3.00, give or take. actually both of those [totally uninformed] estimates might be high come to think of it.
anyway, assuming that the difference in cost is just $2.50, it's pretty clear that the retail price isn't strongly based on cost when the paperback goes for $10 and the hardcover for $25.
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The way I see it, to an extent it is like watching movies.... You can pay 8 bucks to see it new... pay 4 bucks to rent it later ... pay $1 when it comes around to the dollar theatre, watch it for free when it hits broadcast or basic cable.
Books are typically release in Hardcover first and people are paying a premium to get it then versus waiting on the paper back version that may be a year down the line.