A law that requires hairdressers to undergo many hours of training and acquire a license before they can offer haircuts to the public is an example of a
A) positive externality.
B) natural monopoly.
C) barrier to entry.
D) public good.
Correct Answer:
Verified
Q247: Patent laws that allow the inventor to
Q248: Patents grant their owners
A) a property right
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Q251: Which of the following is most likely
Q253: Economic analysis suggests that patent laws that
Q254: Which of the following is true for
Q255: Under what conditions can a monopolist have
Q256: A monopoly is most likely to emerge
Q257: When a single firm has control over
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