Are qualitative instructional or research advantages of the not-for-profits great enough to justify the vast cost differentials?

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"Oil cratering the way it has made alternatives less profitable and in less demand because of the cost differentials, " Miller said.

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In the intensely competitive world of index funds, where rivals spar over cost differentials measured in a few basis points (hundredths of a percent), 100 basis points is a big deal.

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So restoring differentials would roughly double the direct cost of the minimum wage.

ECONOMIST: The minimum wage