4 ms·
Competition in TVs and colleges differ largely in terms of quantity, quality. In any way, those are two totally different things you can't compare
by l9k 8y ago
Competition in TVs and colleges differ largely in terms of quantity, quality.
In any way, those are two totally different things you can't compare
- tptacek 8y agoOnly in the sense that you generally have fewer options and substitutes for a particular TV than you do for a particular college, right? "Hamburgers" and "TVs" are also very different products with different cost structures, different market channels, and different competitive landscapes. But we have no trouble reasoning about how the market deals with prices of both those goods. What makes college different? If you can't answer that, you're just begging the question.