In recent decades college tuition costs have risen more, Econometrics

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In recent decades college tuition costs have risen more

1. Explain why the services of a lighthouse are sometimes used as an example of a public good.

2. Explain why education is not a very satisfactory example of a public good.

3. In recent decades, college tuition costs have risen more rapidly than the general price level, even though the wages of college professors have failed to keep pace with the price level. Can you explain why?

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Econometrics: In recent decades college tuition costs have risen more

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