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    Managerial Economics and Strategy Study Set 2
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    Exam 15: Asymmetric Information
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    Requiring That Barbers Have Licenses, Restricts Entry and
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Requiring That Barbers Have Licenses, Restricts Entry and

Question 63

Question 63

Multiple Choice

Requiring that barbers have licenses, restricts entry and


A) raises the average quality of haircuts.
B) increases the costs of getting a haircut.
C) may increase or decrease welfare.
D) All of the above.

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