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 a government-issued permit or license required for certain businesses to operate in a specified geographic area. It is not a patent, as patents provide legal protection for inventions or innovations. The other options (A, C, and D) are true about CCPNs as they act as a barrier to entry, limit competition, and are issued by a government agency.

Which of the Following Is NOT True About a Certificate