To expand ryanhuff's point, it seems like publishers are transitioning from cost-based pricing to value based pricing. Suppose publishers were to maintain prof

To expand ryanhuff's point, it seems like publishers are transitioning from cost-based pricing to value based pricing. Suppose publishers were to maintain profit margins and reduce prices by about 90%, as you suggest. I posit that their additional sales from lower prices wouldn't compensate for the profit margin drop because their books would hit market saturation first.