One reason to require medical practitioners to be licensed is that
A) medical care involves substantial externalities.
B) medical care is so expensive.
C) medical care is a public good.
D) medical care consumers lack perfect information.

Question

Quizplus · Accepted Answer

Licensing ensures that medical practitioners meet certain standards, which helps protect consumers who may not have the expertise to evaluate the quality of medical care themselves.

One Reason to Require Medical Practitioners to Be Licensed Is