One reason to require licensing of attorneys is that
A) legal services generate positive externalities.
B) legal services are used primarily by the wealthy.
C) legal services are a private good.
D) consumers of legal services lack perfect information.

Question

Quizplus · Accepted Answer

Licensing of attorneys is primarily justified by the need to ensure that consumers, who lack perfect information about the quality and reliability of legal services, are protected from incompetence or malpractice. This requirement helps maintain a minimum standard of service and knowledge among practicing lawyers.

One Reason to Require Licensing of Attorneys Is That