Unbelievable Textbook Cartels | Zoë-Marie Beesley

" ... Besides such units or courses of which send to you a complete set of learning materials readily printed. The reason that the market has not forced lower prices for textbooks is that the textbook publishers are few and noncompetitive as they have a reliable consumer base, from professors assigning the text. 'This results in one of the very rare real world cases in which the price elasticity of demand is nearly zero.' (Albright, 2013) Therefore, similar to new edition iPhones, releasing new editions of textbooks have a reliable consumer demand ..."