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Essentially, it’s because it’s a monopolistic/anti-competitive relationship, so the producer is able to charge much more than if it were competitive. The producer seeks to maximize profits, and the schools enable them by effectively controlling the market.
Essentially, it’s because it’s a monopolistic/anti-competitive relationship, so the producer is able to charge much more than if it were competitive. The producer seeks to maximize profits, and the schools enable them by effectively controlling the market.