As reported in the consumer and trade press this past week, Amazon.com, WalMart.com, and Target.com have engaged in a price war in the pre-sale of new hardcover bestsellers, including books from John Grisham, Stephen King, Barbara Kingsolver, Sarah Palin, and James Patterson. These books typically retail for between $25 and $35. As of writing of this letter, all three competitors are selling these and other titles for between $8.98 and $9.00.
That's what the American Booksellers Association claims is going to harm American citizens. Somehow, to me, low book prices sound like a huge success, not just for the companies involved, but for all reading people.
HT Overlawyered
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