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Bad example. There's a free option in the market, so the paid option is for rich people only.
by fallingknife 5y ago
Bad example. There's a free option in the market, so the paid option is for rich people only.
- emodendroket 5y agoDaycare might be a more compelling one.
- tiahura 5y agoEcon 101 would say that a free option would push the equilibrium price down. I'm not sure I follow your reasoning. There are comments on other stories everyday complaining about how hard it is to price against "free." Moreover, the owner of the school drives a Toyota. I think my point is that the cost of providing an education is greater than many people think. It's not like colleges are turning a profit off of tuition.