When it is first released, a novel by a best-selling author is typically published as a hardcover

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When it is first released, a novel by a best-selling author is typically published as a hardcover book with a paper dust jacket covering it, and the paper used to print it is of a relatively high quality. However, after a few months, hardcover copies that have not been sold will be heavily discounted and paperback versions will be produced. Give an explanation based on price discrimination for this practice.

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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