question archive The activity aimed at creating artificial barriers to entry to a particular market A
The activity aimed at creating artificial barriers to entry to a particular market A
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The activity aimed at creating artificial barriers to entry to a particular market
A. improves competition.
B. is rent seeking.
C. has no social cost.
D. improves the economy's efficiency.
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The activity aimed at creating artificial barriers to entry to a particular market B. is rent-seeking.
An example is a requirement that physical therapists have PH. D's when they had previously only required to have a master's degree. The new condition will decrease the supply of physical therapists and lead to higher salaries.
