If a Local Government Began Licensing Funeral Homes in the Area

question 53

Multiple Choice

If a local government began licensing funeral homes in the area, effectively making them into a cartel, we would expect

• A) the price of funeral services to rise, and the number of funerals performed in the area to fall.
• B) the price of funeral services to rise, and the number of funerals performed in the area to increase as well.
• C) the price of funeral services to fall, and the number of funerals performed in the area to increase.
• D) the price of funeral services to fall, and the number of funerals performed in the area to fall as well.

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Definitions:

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