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Private & Independent Schools
Reply to "Question on High Tuition…"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]But I do think that there is a distortion in the market. If public schools were better, private school would be cheaper. The actual situation is one of lack of competition, I believe.[/quote] There are over 100 private schools in the DC area, with a range of tuitions. You would be hard pressed to make a market concentration case. Put differently, for a monopoly case it’s not enough for there to be a limited supply of providers. You would have to demonstrate that there is a player with outsized market power and is exploiting that power. Or else collusion between schools to fix prices. But given the range, the case would go nowhere. [/quote] Not monopoly. Lack of competition. [b]If you could have free high quality public education, why would you go to private. [/b]I think there is not enough public schools competing with private schools.[/quote] Perceived prestige, class and keeping up with the Jonesses. Not a lack of competition, in fact the top private schools cannot compete with the top public schools in the DMV. [/quote]
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