The American Bar Association administers the bar examinations that prospective lawyers must pass before being allowed to practice law.The legal requirement to pass this test before practicing law allows the Bar Association to act as a

Question

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The American Bar Association, through its influence over the bar examination, can effectively restrict the number of individuals who are allowed to practice law, acting similarly to a union that limits entry into the profession to control supply. This does not directly increase the number of lawyers, nor does it create a monopsony (a market situation with only one buyer) or a bilateral monopoly (a market with only one supplier and one buyer).

The American Bar Association Administers the Bar Examinations That Prospective