The correct answer is "they provide few course options".
Universities provide a vast course options for students as universities are composed usually of several colleges, for instance, a local university can consist of a college of science, college of liberal arts, college of business administration, college of engineering and architecture, college of education, etc. These separate colleges inside a university will provide students many courses to choose from.
Most universities participate in research as faculty and students are required to do research work, undergraduate/post-graduate theses, etc. Many students enroll in universities, albeit different colleges. Lastly, universities can be private or public. Public universities are government funded and offer less expensive tuition for students.