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She's over reached a couple times and shot themselves in the foot, but Lina Khan is a boss.

Absolutely they do, which is why the competition could not compete. Once the whole market is dominated by a few companies, it lets them get a little more creative with how they price things, and a little lazier with their coding practices.

The rebound effect summarised

Ebooks are less convenient because once you buy and read it you're stuck with it and can't resell.

Books can be had second hand for dirt cheap, too. For ebook you're paying full price.

The expensive part of making books is not the paper. My wife is an independent author and between editing, typesetting, cover design, etc. she spent about $1500 to publish each of her books.

While she could price her books at $1, that would present her with a few problems.

Firstly, people often value things based on what they've paid for them, so pricing your book too low makes people assume it is of poor quality.

Secondly, having positive reviews is extremely important for indie authors because the Almighty Algorithm will reward you or punish you based on the book's rating. Other indie authors she has talked to have seen a noticable decline in their book's rating after Amazon put it on sale and a bunch of people who might not have otherwise read it started buying copies. If you've ever worked retail or food service, you probably know that bargain hunters are often the people who are least reasonable and hardest to please. If the book is too cheap, you may attract an audience that harms its reputation.

Finally, trying to sell 2000+ copies of a book is pretty daunting for small authors and that's about what it would take to break even at $1 per copy.

Could big publishers and well known authors sell books for a buck? Probably. But for the majority of authors who aren't making their living by writing and only sell a few hundred copies ever, that's not really realistic.

Printing a book on paper and distributing physical books isn’t the majority of the cost of a book. Should ebooks be cheaper? Yes should they cost a fraction of a paper book? No since most of the cost in publishing does not depend on the medium of distribution. Most of the cost is basically the salaries of the people they have to pay to get the book onto the market (the writer, editor, marketing, etc) it doesn’t matter if it’s digital or physical these costs stay the same. Publishers basically lose money with the majority of the books they publish and make most of their money with the few hits they release each year.

No, they cost more because of Steve Jobs.

https://arstechnica.com/tech-policy/2013/07/how-apple-led-an-e-book-price-conspiracy-in-the-judges-words/

This is your reminder that that man was utter trash.

Fucking Factorio engineers everywhere, I swear.

This is unfortunately true... Tho what is driving the rent seeking isnt tech debt its greed

... Why would you rent a way heater, in a home you own? Is the house a school or something???

this is what they do when they run out of stuff to add, yes

Yeah companies need to stop being allowed to be multiple industries.

Like why does every department store have a credit card now? They should be using their profits to pay their employees, not loaning it out at insane interest rates.

Price = Cost of Materials + (Middle Man + Middle Man + Middle Man + Middle Man + Middle Man + Middle Man) + Cost of Labor.

It's Econ 101

No, it's monopoly capitalism. A certain Mr. Marx from Germany had a few things to say about it.

Enshittification has nothing to do with pricing.

It's about market capture and the resulting lack of choices allowing market holders to maximize profits by degrading product performance. This can occur even when the product has no price.