Afew years ago, a prominent medical college inadvertently accepted more applicants than it could accommodate in its

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Afew years ago, a prominent medical college inadvertently accepted more applicants than it could accommodate in its first-year class. Not wanting to arbitrarily delay the entrance date of the students admitted, it offered them one year of free tuition if they would delay their medical studies by one year. Discuss the factors entering into a student’s assessment of whether he or she should take this offer.

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