Question
Let's continue probing this discussion of higher education as a positive externality. Given that the market outcome is different than the socially optimal outcome, there
Let's continue probing this discussion of higher education as a positive externality. Given that the market outcome is different than the socially optimal outcome, there could be an opportunity for governments to intervene in a corrective matter.Suggest two possible actions by the government that could push the outcome closer to the socially optimal level. Explain.If we did choose one or both of these options, policy makers would need to make some hard decisions about budget allocation. Given the value of higher education, why is this a "hard decision?"
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