Michael Granof's Overpriced Textbooks

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Michael Granof offers a solution to overpriced textbooks, which is one of the leading problems among college students. He claims that the used-book market is only worsening the problem by forcing publishers to raise prices ridiculously high and produce new editions every few years. Granof’s solution is a bit more complicated, but seems to appease all parties involved. Theoretically, “a teacher would pick a textbook, and the college would pay a negotiated fee to the publisher based on the number of students enrolled in the class.” Each student would only pay about $15, which helps students pay less for books. The publisher will earn about $7,500 over the course of ten semesters in just one class. This is a fairly sound system, but there are

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