精选优质文档-倾情为你奉上2005 The University as Business A number of colleges and universities have announced steeptuition increases for next year much steeper than the current, very low, rate of inflation. They say the increases are needed because of a loss in value of university endowments heavily investing in common 1 stock. I am skeptical. A business firm chooses the price that maximizes its net revenues, irrespective fluctuations in income; and increasingly the 2
