Which of the following is not true about a certificate of convenience and public necessity?
A) It is a barrier to entry.
B) It is a patent.
C) It is issued by a government agency.
D) It limits competition.

Question

Quizplus · Accepted Answer

A certificate of convenience and public necessity (CCPN) is not a patent. It is a permit issued by a government agency that limits competition and acts as a barrier to entry in industries such as transportation and energy.

Which of the Following Is Not True About a Certificate