3 ms·
There maybe a sort of monopoly here but monopolies never set their prices to free (unless they're trying to destroy competitors which is obvious not the case he
by whybroke 12y ago
There maybe a sort of monopoly here but monopolies never set their prices to free (unless they're trying to destroy competitors which is obvious not the case here)
There may indeed be grotesque stratification problems with the system but that doesn't mean some part may do the right thing occasionally. Frequently even monopolies moderate their behavior out of fear of regulation. Here perhaps schools fear the reputation hit of graduating too high a percentage of rich dimwits.
- morgante 12y agoI do think it's mostly altruistic in intent, but the outcome is roughly the same as the price discrimination you'd see in a perfect monopoly. Also, I actually think an intelligent monopoly might set their lowest price to 0 (for those who couldn't pay anything). It protects their market domination.