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 Originally Posted by spoonitnow
The same thing that happens now: It gets shut down.
The question is in a market why would a school become unprofitable?
Because its consumers don't value its service as much as the next best option. What arises from that? The next best option.
This is the process of markets. It's how we went from having zero restaurants to having so many that you haven't even been to them all in a given area. It's how we went from clothes being knitted by Grandma to having great variety of choice in aesthetic and cost for clothing. The same can work for schools if we let it.
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