this post was submitted on 21 Jun 2024
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Science Memes

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Economics (mander.xyz)
submitted 4 months ago by [email protected] to c/[email protected]
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[–] [email protected] 9 points 4 months ago

Essentially, it's because it's a monopolistic/anti-competitive relationship, so the producer is able to charge much more than if it were competitive. The producer seeks to maximize profits, and the schools enable them by effectively controlling the market.