Licensing

question 75

Multiple Choice

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.

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Definitions:

Remedy

Legal means or methods available to a party to enforce a right or compensate for the violation of a right under the law.

Battery

A criminal offense involving the unlawful physical acting upon a threat, distinct from assault which is the act of creating apprehension of such contact.

Plaintiff

The party who initiates a lawsuit by filing a complaint against the defendant, seeking legal remedy for a grievance.

Contact

A point at which two or more things come together, or a means of communication or interaction between people or organizations.