According to our discussion in class, the price of tuition at for-profit institutions (such as the University of Phoenix) tend to be much higher than people expect. The best explanation for this is:

a. For-profit institutions produce much better outcomes than public institutions, so they can charge a higher price

b. The federal government acts as a third-party-payer in this market by providing loans and grants

c. The federal government is directly involved in helping control the price in these institutions

d. The federal government directly restricts the number of students who can enroll at each institution e. All of the above