Licensing
A) is a natural barrier.
B) creates more competition.
C) causes more varieties of goods and services at different price levels.
D) creates an opportunity for corruption.
E) always results in zero economic profits.

Question

Quizplus · Accepted Answer

Licensing can create an opportunity for corruption as some individuals or companies may engage in bribery or other illegal activities to obtain a license, creating unfair advantages and barriers for other competitors.