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When an Occupation Is Licensed

Question 88

Multiple Choice

When an occupation is licensed,


A) consumers can be assured that the quality of the product or service will be high.
B) the regulators issuing the licenses can be counted on to serve the interests of consumers.
C) the licensing will often be used to limit entry and the competitiveness of the market.
D) political factors will not influence the standards and procedures for receipt of a license.

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