The supply of elite universities with national reputations is pretty dang inflexible. You can't open another MIT, Harvard, Yale, Columbia, etc...
The supply of universities recognized at the state level is similarly fixed. In Texas all of the recognized state universities have been around for quite a while.
For profit tech schools are probably pretty flexible but they don't really compete on price as much as advertising and ability to get their students loans.
The supply of universities recognized at the state level is similarly fixed. In Texas all of the recognized state universities have been around for quite a while.
For profit tech schools are probably pretty flexible but they don't really compete on price as much as advertising and ability to get their students loans.