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Suppose there is a fixed level of external benefit (accruing to the general public) of students getting a college education. Suppose it exactly equals what
Suppose there is a fixed level of external benefit (accruing to the general public) of students getting a college education. Suppose it exactly equals what community colleges are currently charging, and a subsidy is set so that community college becomes free. Show why it is likely that community colleges will raise tuition almost immediately
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