23 If the government decides to subsidise private universities, what subsidy will achieve the efficient number of
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23 If the government decides to subsidise private universities, what subsidy will achieve the efficient number of university students?
The marginal cost of educating a student is a constant £4,000 a year and the figure shows the students’ marginal benefit curve.
Suppose that university education creates an external benefit of a constant £2,000 per student per year
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Related Book For 
Economics
ISBN: 9781118150122
10th European Edition
Authors: Michael Parkin, Dr Melanie Powell, Prof Kent Matthews
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