Charter schools in Florida use a lottery to determine which students get in. This means that__________________________________. An auction in this case would mean that: There is often a shortage of seats at charter schools; the families who place the highest value on charter school education would be more likely to get a spot.Families who would like to pay for the right to get into charter schools do not have the opportunity to act on that desire; the price of a seat would rise from zero to some price above zero.Florida charter schools are not maximizing revenue from this system; Florida charter schools would earn greater revenue over time.An auction would create an efficient outcome in the market for charter school seats; An arguably “unfair” market outcome could take place.All of the above.

When the charter school receives more students against the available spots, the law requires holding…

Answered: Charter schools in Florida use a…

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 4PA

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Charter schools in Florida use a lottery to determine which students get in. This means that__________________________________. An auction in this case would mean that:

There is often a shortage of seats at charter schools; the families who place the highest value on charter school education would be more likely to get a spot.
Families who would like to pay for the right to get into charter schools do not have the opportunity to act on that desire; the price of a seat would rise from zero to some price above zero.
Florida charter schools are not maximizing revenue from this system; Florida charter schools would earn greater revenue over time.
An auction would create an efficient outcome in the market for charter school seats; An arguably “unfair” market outcome could take place.
All of the above.

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