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JoshuaZ comments on Knowledge is Worth Paying For - Less Wrong
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Undergrads typically need the physical textbook, not just an electronic one, for example to use in an open book test. (Though I was mainly trying to smuggle in a mention of a pirate site that does cater to autodidacts ...)
Many classes don't have open book tests. This is especially true outside the sciences. The market is still much much larger than that for research papers.