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degree, no matter how much we improve K-12 education.4:47 p.m.: Leonhardt: Is the trick just to inject more competition? Gates: Yes, but not like in restaurants, where some go out of business and others become large chains. Accreditation creates huge barriers to entry. What we'll see is market share shifting among existing institutions. University presidents will have to act entrepreneurially they are today, but they're driven by the wrong metrics. Science departments compete for students already, so that's a model. But outside of that, students are spending too little time in the classroom and on out-of-class work. "If we come up with metrics,[link widoczny dla zalogowanych], people will compete," Gates says. "They want to do the right thing."4:42 p.m.: Gates: There's simply not enough awareness of how bad graduation rates are at some schools. He says that giving schools letter grades was tough medicine but raised awareness; maybe colleges and universities need something like that. Once students are in, things