The best students were helped by this arrangement.
- If the Ivy League schools were to compete for students, the best ones would almost certainly receive substantially greater financial aid packages. Without this competition, institutions might assign students and then determine for their own profit what scholarships to grant to the students. The relevance of competing by offering larger scholarships tends to overshadow the importance of non-price competition (non-scholarship ways to attract students)
- A price fixing agreement (written, verbal, or inferred from action) among rivals to raise, reduce, maintain, or stabilize prices or price levels is referred to as a price fixing agreement. Antitrust laws generally require that each firm determine its own pricing and other competitive conditions without consulting a competitor.
- Price fixing is an anticompetitive agreement by market players on the same side to buy or sell a product, service, or commodity solely at a set price, or to maintain market conditions in such a way that the price is kept at a particular level by managing supply and demand.
Thus the students who were the best would be helped by this arrangement.
Refer here to learn more about price fixing: https://brainly.com/question/24238269
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