LYCOS RETRIEVER 
College Textbook
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In its report, “College Textbooks: Enhanced Offerings Appear to Drive Recent Price Increases,” GAO found textbook prices represented a significant cost compared with other expenses. Textbooks account for nearly three-fourths of community college costs and represent about 26 percent of tuition and fees at public four-year colleges and universities, the agency says.
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The writer (usually a professor or group of professors) develops and writes out the textbook. He or she typically builds on years of experience and research as well as the expertise of friends and fellow scholars. In addition, the writer gathers samples (which may include a copyright payment to the original creator), photos, and graphics.
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"The Virginia General Assembly has passed a bill to lower the cost of textbooks for college students. The measure would require public universities to come up with guidelines . . . to slow costs . . . [T]he legislature has sided with students." (Washington Post, 2006 March 8)
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In response to escalating textbook prices, limited competition, and to provide a more efficient system to connect buyers and sellers together, online textbook exchanges were developed. Most of today's sites handle buyer and seller payments, and usually deduct a small commission only after the sale is completed.
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