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    Managerial Economics in a Global Economy
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    Exam 13: Regulation and Antitrust: The Role of Government in the Economy
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    A License Is Usually Required to Run Certain Types of Businesses
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A License Is Usually Required to Run Certain Types of Businesses

Question 29

Question 29

Multiple Choice

A license is usually required to run certain types of businesses. Licensing serves the purpose of


A) Protecting consumers from fraud.
B) Ensuring a minimum degree of competence.
C) Ensuring a minimum level of quality.
D) All of the above.

Correct Answer:

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