can get from that opportunity cost? The answer is schools have figured out that they can attract the best students by offering more “merit scholarships”. There is a shift form needs-based to merit-based scholarships, because the merit scholarships cost a lots of money. That mean they will cut down the money is used for needs-based scholarships and turn it into the merit-based. Therefore by giving up some students, they get another students, who are the best students. Schools have also learned another…
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