Occupational licensing has much the same effect as
A) inclusive unionism.
B) exclusive unionism.
C) bilateral monopoly.
D) monopsony.

Name: Occupational licensing has much the same effect as A) inclusive unionism. B) exclusive unionism. C) bilateral monopoly. D) monopsony.
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Question

Quizplus · Accepted Answer

Occupational licensing often restricts entry into a profession, similar to exclusive unionism, which limits the supply of labor to increase wages for its members.

Occupational Licensing Has Much the Same Effect as