The private market for education can be considered a market failure because it leads to a price of education that society believes is too ____ and a quantity of education that is too ____.

The private market for education can be considered a market failure because it leads to a price of education that society believes is too and a quantity of education that is too .

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter15: The Shortcomings Of Free Markets

Section: Chapter Questions

Problem 4DQ

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The private market for education can be considered a market failure because it leads to a price of education that society believes is too ____ and a quantity of education that is too ____.

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