Which of the following statements about occupational licenses is not true?Select the correct answer below:Occupational licenses represent a barrier to entry to certain industries.Occupational licenses can lead to higher prices and less consumer choice.Occupational licenses show that a worker has completed a certain type of educationor passed a certain test.The government has decided that the additional information provided by licensesdoes not outweigh the negative effect on competition.

Occupational License is a grant to rehearse an occupation.

ne correct answer below: upational licenses represent a barrier to entry to certain industries. upational licenses can lead to higher prices and less consumer choice. upational licenses show that a worker has completed a certain type of educe assed a certain test.

ne correct answer below: upational licenses represent a barrier to entry to certain industries. upational licenses can lead to higher prices and less consumer choice. upational licenses show that a worker has completed a certain type of educe assed a certain test.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter9: Market Structure And Long-run Equilibrium

Section: Chapter Questions

Problem 4MC

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Question

Which of the following statements about occupational licenses is not true?
Select the correct answer below:
Occupational licenses represent a barrier to entry to certain industries.
Occupational licenses can lead to higher prices and less consumer choice.
Occupational licenses show that a worker has completed a certain type of education
or passed a certain test.
The government has decided that the additional information provided by licenses
does not outweigh the negative effect on competition.

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