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.

C

Economics

You might also like to view...

If X - M = $0 and the government sector has a deficit of $250 billion, the private sector

A) has a deficit that equals $250 billion. B) has a deficit that equals $500 billion. C) has a surplus that equals $250 billion. D) has a surplus that equals $500 billion.

Economics

An unexpected fall in New Home Sales should send bond prices __________ and stock prices __________

A) up; up B) up; down C) down; up D) down; down

Economics