Which of the following is an example of an industry that succeeds in restricting entry,thereby maintaining prices above competitive levels?
A)window washing
B)dentistry
C)book publishing
D)transport trucking
E)beef cattle ranching

Question

Quizplus · Accepted Answer

Dentistry is a highly regulated industry with strict entry requirements and licensing procedures, which creates barriers to entry and restricts competition. This allows dentists to charge higher prices than they would in a more competitive market.

Which of the Following Is an Example of an Industry