According to BusinessWeek.com, the "textbook" market generates "
$11 billionin revenue and
$3 billionin profit a year."[source: BusinessWeek.com on 17 January 2007] "The college textbook market has functioned as a near-perfect monopoly. Consider: How often does someone have the authority to order consumers to purchase a product with a limited number of vendors? University professors have just that power, requiring students to purchase particular books for their courses. The often obscure titles must typically be purchased from the college bookstore, which obtains them through special order. With limited competition, at best, prices for new textbooks can easily climb to $100, and have tripled since the mid 1980s
In BAB:: The Cost of Taking 3-Credit Math Classes at SCC, we calculated the cost to take either MAT082 or MAT102 at SCC during the spring 2007 semester approximated
$336. The book cost
$97 used. Buying a new book increased the total cost of the class to
The Arizona Board of Regents had a task force to look into textbook costs and they have concluded that book costs for college students are too high.
AzStarNet.com:: Profs' slow book orders add to text costs, regents panel says
Creator: Gerald D. Thurman
Created: 17 January 2007