Monopoly on Post-Secondary Education: Economic Impact
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Imagine a single organization with a complete monopoly on all post-secondary education and discuss the likely economic impact.
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Solution Summary
The solution shows the negative economic impact of a monopoly on Post-Secondary Education.
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Below are arguments against a complete monopoly on all post-secondary education, showing what will go wrogn if this were to occur:
- Tuition fee increases will be a periodic practice
The absence of a competitor providing post-secondary education will embolden the management to implement regular tuition fee increases. The post-secondary students will be forced to accept the new rates because they have no other choice of cheaper schools. There are only two choices: accept ...
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