Understanding the High Cost of College Textbooks
This article explores the reasons behind the high prices of college textbooks, including industry dominance by five major publishers and their practices of re-publishing new editions frequently.
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Almost 80% of the textbook industry is dominated by 5 publishing companies. They use restrictive codes and re-publish new versions of textbooks every 2 to 3 years. Due to these tactics, textbook costs overall rose 67% from 2008 to 2018.
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Published
Jan 26, 2021
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