ONE HUNDRED DOLLAR MISUNDERSTANDING (192 pp.)Robert GoverGrove ($3.95).
Laughter and license have been literary bunkmates for centuries. But the respectable publishers have never been quite able to decide just where admissible ribaldry ends and pornography begins. The latest borderline case, a first novel by a young U.S. writer, was turned down by every U.S. publisher to whom it was submitted three years ago. Later brought out in broader-minded England and France, it has finally found its way to U.S. audiences through one of the publishers that first rejected it, Grove Press (U.S. purveyors...