Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands.
For students today, only 10 percent of children from working-class families graduate from college by the age of 24 as compared to 58 percent of upper-middle-class and wealthy families.
But it seems that the judging maybe they shouldn't at least see the practices all week long. That can taint the way they go into the judging and the outlook of what's going to happen, instead of just watching those four minutes and judging on those minutes alone.
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