The reason is simply because the printer employs a more cost-efficient ink system.
A printer with that kind of ink system is widely known as an ink tank unit.
The Epson L303, with its ink tank system, offers an economical choice for everyday printing.
Ink cartridges are disposable.
On the other hand, ink tanks are refillable.
The Epson L303 is, fortunately, not that slow.
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