Activity Aimed at Creating Artificial Barriers to Entry into a Particular

question 111

Multiple Choice

Activity aimed at creating artificial barriers to entry into a particular market

• A) has no social cost.
• B) improves the economy's efficiency.
• C) improves competition.
• D) is rent seeking.

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Definitions:

Labour Relations Board

A governmental authority that oversees and resolves disputes involving labor and management practices.

Collective Bargaining

The process by which employers and a group of employees negotiate labor contracts concerning wages, hours, benefits, and other working conditions.

Vicarious Liability

The liability at law of one person for the acts of another.

Negligent Misrepresentation

Negligent misstatements made by a professional to a client.