03-11-2013 11:45 AM
#1
| |
| |
03-11-2013 01:19 PM
#2
| |
Why is that certain? There will be a fierce market for low cost education, just like there's an aggressive market for toothbrushes. I bought a perfectly functional colgate brand toothbrush a couple of weeks ago for 30 cents. Is it as good as a 5 dollar toothbrush? No, but there isn't a very large gap in quality. Most people won't bother paying for a fancy toothbrush or can't afford it so theres a great demand to minimize cost while maximizing quality. This principle can be observed in every market for every product or service we enjoy. | |