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Commonwealth Supported Students contribute part-payment of the full tuition costs of their education. The other part of the cost is subsidisedby the federal government. This
Commonwealth Supported Students contribute part-payment of the full tuition costs of their education. The other part of the cost is subsidisedby the federal government. This essentially creates a maximum price of university education for Australiandomestic students.What is such a maximum price called and what is its impact on the market outcome?Explain your answer with reference to the concept of efficiency you discussed above.
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