Requiring that barbers have licenses, restricts entry and
A)raises the average quality of haircuts.
B)increases the costs of getting a haircut.
C)may increase or decrease welfare.
D)All of the above.

Question

Quizplus · Accepted Answer

Licensing requirements for barbers can raise the average quality of haircuts by ensuring that all barbers meet certain standards, increase the costs of getting a haircut due to the costs associated with obtaining and maintaining a license, and may have varying effects on welfare depending on how these factors balance out.

Requiring That Barbers Have Licenses, Restricts Entry and