Question: After a government implements a voucher program, granting funds that families can spend at schools of their choice, numerous students in public schools switch to

After a government implements a voucher program, granting funds that families can spend at schools of their choice, numerous students in public schools switch to private schools. Parents' and students' valuations of the services provided at both private and public schools adjust to equality with the true market price of educational services. Is anyone likely to lose out nonetheless? If so, who?

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