Why might the new system be more efficient


Problem

At many colleges and business schools, lotteries have long been used to assign seats in highly popular lecture courses. Recently, some schools have switched to systems in which students receive points that they can use to bid for seats in their favorite classes. Why might this new system be more efficient?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why might the new system be more efficient
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