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Why use Open Source when Microsoft products are so cheap...?

Australian public schools have an agreement with Microsoft, that entitles them to use the full suite of 'serious', school-related software from that company, for a nominal fee (nominal for the schools that is, there 'might' be hidden costs involved at higher level). Since there's nothing wrong with Microsoft software, why would a school choose to use Open Source software instead, gaining no economic benefit therefrom.