Cartel: (noun) a combination of independent commercial or industrial enterprises designed to limit competition or fix prices. Limit competition: How many new e

Cartel: (noun) a combination of independent commercial or industrial enterprises designed to limit competition or fix prices. Limit competition: How many new entrants to the prestiguous university club (Ivy League, Stanford, MIT, etc.) have there been in the last 50 years? Fix prices: How do you explain tuitions growing at 5x inflation consistently since 1990, in an era where information itself has become dirt cheap (the internet.) There does likely not need to be quid-pro-quo "collusion". I am not envisioning a shadowy meeting room where all the university heads smoke cigars and agree on tuitions. There doesn't need to be. Has any of the elite universities ever cut tuitions, in order to compete with the others?