Price discrimination explains why Ivy League universities often set rules that determine prices of admission based on students'

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Price discrimination is the practice of charging different prices for the same product to different customers. In the case of Ivy League universities, they may set different prices for admission based on a student's financial resources, as they may charge more to students who can afford to pay higher tuition rates. Age, high school GPA, and gender are not typically used as factors in determining the price of admission.

Price Discrimination Explains Why Ivy League Universities Often Set Rules