Which of the Following Public Policies Has (Have)the Effect of Restricting

question 11

Multiple Choice

Which of the following public policies has (have) the effect of restricting competition?

• A) licensing
• B) patents
• C) import quotas
• D) a and b only
• E) a,b,and c

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Definitions:

Discrete Variables

Variables in statistical analysis that assume distinct or separate values, often counted in whole numbers.

State Variables

Variables that represent the configurations or states of a system at a certain time, in disciplines such as physics, engineering, and economics.

Average Number

The central value of a set of numbers, calculated by dividing the sum of all values by the count of the numbers.

Customers

Individuals or entities that purchase goods or services from a business or organization.