What market structure best characterizes universities?
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What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy? How does the university differentiate its product from that of its competitors? Has the University erected non-price barriers to entry in this market? Can the University do more to create non-price barriers to entry in this market?
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What market structure best characterizes the market in which universities compete?
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What market structure best characterizes the market in which universities compete?
-obviously universities are not monopolists or oligopolists (because there are many, many universities in differents parts of the world)
-universities are not perfect competitors because each university does have market control (for example, some universities are more expensive than others). If they are indeed perfect competitors, all universities would charge the same amount of tuitions
-the only other possibility is monopolistic competition, which is what universities are.
How does this structure influence the ...
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